Keystone Investors PTE Ltd. Has $255,000 Position in Relx Plc (NYSE:RELX)

Keystone Investors PTE Ltd. decreased its stake in shares of Relx Plc (NYSE:RELX) by 83.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,617 shares of the technology company’s stock after selling 28,433 shares during the period. Keystone Investors PTE Ltd.’s holdings in Relx were worth $255,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RELX. Private Trust Co. NA boosted its position in shares of Relx by 19.2% during the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after buying an additional 199 shares during the period. Sage Mountain Advisors LLC grew its position in Relx by 5.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company’s stock valued at $240,000 after purchasing an additional 258 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in Relx by 5.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after buying an additional 267 shares during the last quarter. EWA LLC lifted its position in Relx by 5.2% during the 3rd quarter. EWA LLC now owns 5,501 shares of the technology company’s stock worth $253,000 after buying an additional 272 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Relx by 1.3% in 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 in the last quarter. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th.

Relx Stock Performance

RELX opened at $49.81 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The business has a fifty day simple moving average of $49.26 and a 200 day simple moving average of $47.73. 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 $92.45 billion, a PE ratio of 26.78, a price-to-earnings-growth 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. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. This represents a yield of 1.6%. This is a positive change from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. 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.