Parkside Financial Bank & Trust raised its holdings in shares of Relx Plc (NYSE:RELX – Free Report) by 81.1% in the 4th quarter, HoldingsChannel reports. The firm owned 909 shares of the technology company’s stock after buying an additional 407 shares during the period. Parkside Financial Bank & Trust’s holdings in Relx were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of RELX. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Relx during the 4th quarter worth about $16,120,000. Invesco Ltd. boosted its holdings in shares of Relx by 11.2% during the third quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after acquiring an additional 131,711 shares during the period. Atria Investments Inc grew its position in shares of Relx by 10.7% in the third quarter. Atria Investments Inc now owns 58,440 shares of the technology company’s stock valued at $1,969,000 after purchasing an additional 5,635 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Relx during the third quarter worth approximately $1,560,000. Finally, Royal Bank of Canada increased its stake in shares of Relx by 2.9% during the third quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock worth $53,070,000 after purchasing an additional 43,644 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
RELX has been the subject of several recent research reports. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research note on Thursday. Berenberg Bank cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
Relx Stock Up 1.2 %
Shares of RELX stock opened at $41.62 on Friday. Relx Plc has a 1 year low of $30.10 and a 1 year high of $44.75. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $42.85 and a 200 day simple moving average of $40.08.
Relx Increases Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be paid a $0.526 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Relx’s previous Semi-Annual dividend of $0.22.
Relx Profile
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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