QRG Capital Management Inc. Has $10.54 Million Stock Position in Relx Plc (NYSE:RELX)

QRG Capital Management Inc. reduced its holdings in Relx Plc (NYSE:RELX) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,939 shares of the technology company’s stock after selling 17,246 shares during the period. QRG Capital Management Inc.’s holdings in Relx were worth $10,535,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RELX. FMR LLC increased its position in Relx by 8.3% during the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after acquiring an additional 548,423 shares during the period. Bank of Montreal Can grew its position in Relx by 194.9% in the 3rd quarter. Bank of Montreal Can now owns 227,211 shares of the technology company’s stock worth $10,806,000 after purchasing an additional 150,163 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of Relx during the 4th quarter worth about $6,296,000. Public Employees Retirement System of Ohio acquired a new position in shares of Relx during the third quarter valued at about $6,366,000. Finally, Reynders McVeigh Capital Management LLC lifted its stake in shares of Relx by 31.8% in the third quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after buying an additional 119,405 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They set a “buy” rating on the stock.

Relx Price Performance

NYSE:RELX opened at $47.61 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The company has a 50-day moving average of $48.31 and a 200-day moving average of $47.42. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a market capitalization of $88.48 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5586 per share. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. Relx’s dividend payout ratio (DPR) is currently 59.68%.

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.