218,413 Shares in Relx Plc (NYSE:RELX) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Relx Plc (NYSE:RELX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 218,413 shares of the technology company’s stock, valued at approximately $9,920,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RELX. CENTRAL TRUST Co lifted its stake in Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after purchasing an additional 529 shares during the last quarter. Versant Capital Management Inc bought a new stake in Relx in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in Relx in the fourth quarter worth about $43,000. Private Trust Co. NA lifted its stake in Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after purchasing an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Relx in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Relx stock opened at $48.99 on Friday. The company has a 50 day moving average price of $48.86 and a 200-day moving average price of $47.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The company has a market capitalization of $91.04 billion, a PE ratio of 26.34, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday.

Relx Company 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.