Smartleaf Asset Management LLC Purchases 6,588 Shares of Relx Plc (NYSE:RELX)

Smartleaf Asset Management LLC increased its position in shares of Relx Plc (NYSE:RELX) by 120.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,066 shares of the technology company’s stock after buying an additional 6,588 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Relx were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RELX. CENTRAL TRUST Co grew its holdings in shares of Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new position in Relx during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in Relx during the fourth quarter valued at approximately $43,000. Private Trust Co. NA boosted its position in Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after purchasing an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Relx during the fourth quarter valued at approximately $74,000. 15.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday. Redburn Atlantic started coverage on Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company.

Relx Stock Performance

RELX opened at $48.50 on Tuesday. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99. The stock has a market cap of $90.14 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.73 and a beta of 0.90. The business has a 50 day moving average of $48.42 and a 200-day moving average of $47.49. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

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