Sequoia Financial Advisors LLC Increases Stock Position in Relx Plc (NYSE:RELX)

Sequoia Financial Advisors LLC grew its stake in shares of Relx Plc (NYSE:RELX) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,674 shares of the technology company’s stock after acquiring an additional 638 shares during the period. Sequoia Financial Advisors LLC’s holdings in Relx were worth $757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Private Trust Co. NA lifted its position in shares of Relx by 19.2% during the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock valued at $56,000 after acquiring an additional 199 shares during the period. Sage Mountain Advisors LLC lifted its position in shares of Relx by 5.1% during the 4th quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company’s stock valued at $240,000 after acquiring an additional 258 shares during the period. Peapack Gladstone Financial Corp lifted its position in shares of Relx by 5.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after acquiring an additional 267 shares during the period. EWA LLC lifted its position in shares of Relx by 5.2% during the 3rd quarter. EWA LLC now owns 5,501 shares of the technology company’s stock valued at $253,000 after acquiring an additional 272 shares during the period. Finally, Marks Group Wealth Management Inc lifted its position in shares of Relx by 1.3% during the 4th quarter. Marks Group Wealth Management Inc now owns 26,196 shares of the technology company’s stock valued at $1,190,000 after acquiring an additional 325 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Up 2.5 %

Shares of Relx stock opened at $48.99 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The company has a market capitalization of $91.04 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.73 and a beta of 0.90. The business has a 50 day moving average price of $48.86 and a 200 day moving average price of $47.61.

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 issued a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s payout ratio is 59.68%.

Wall Street Analyst Weigh In

RELX has been the subject of a number of research reports. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday. Finally, Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company.

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.