Norden Group LLC Lowers Position in Relx Plc (NYSE:RELX)

Norden Group LLC reduced its stake in Relx Plc (NYSE:RELX) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,292 shares of the technology company’s stock after selling 402 shares during the quarter. Norden Group LLC’s holdings in Relx were worth $467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RELX. International Assets Investment Management LLC purchased a new stake in Relx in the 3rd quarter valued at $1,268,000. Farther Finance Advisors LLC raised its position in Relx by 80.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 20,250 shares of the technology company’s stock valued at $961,000 after buying an additional 9,021 shares during the last quarter. QRG Capital Management Inc. raised its position in Relx by 18.1% in the 3rd quarter. QRG Capital Management Inc. now owns 249,185 shares of the technology company’s stock valued at $11,826,000 after buying an additional 38,169 shares during the last quarter. Fiera Capital Corp increased its position in shares of Relx by 20.3% during the 3rd quarter. Fiera Capital Corp now owns 8,227 shares of the technology company’s stock valued at $390,000 after purchasing an additional 1,391 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Relx during the 3rd quarter valued at $548,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Trading Up 0.3 %

Shares of Relx stock opened at $48.50 on Tuesday. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The firm has a market cap of $90.14 billion, a PE ratio of 26.08, a P/E/G ratio of 2.73 and a beta of 0.90. The stock has a fifty day moving average price of $48.42 and a 200-day moving average price of $47.49. 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 Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Redburn Atlantic assumed coverage on Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.