EverSource Wealth Advisors LLC Grows Position in Relx Plc (NYSE:RELX)

EverSource Wealth Advisors LLC raised its position in Relx Plc (NYSE:RELX) by 83.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,613 shares of the technology company’s stock after purchasing an additional 4,824 shares during the period. EverSource Wealth Advisors LLC’s holdings in Relx were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of RELX. CENTRAL TRUST Co raised its holdings in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after buying an additional 529 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Relx during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in Relx during the 4th quarter worth approximately $43,000. Private Trust Co. NA grew its stake in shares of Relx by 119.9% in the 3rd 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 shares of Relx in the fourth quarter valued at approximately $74,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Up 2.5 %

Relx stock opened at $48.99 on Friday. The stock’s 50 day moving average price is $48.86 and its 200 day moving average price is $47.59. Relx Plc has a 1-year low of $40.25 and a 1-year high of $51.99. The company has a market cap of $91.04 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. 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 business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. This is a positive change from Relx’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. Relx’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RELX. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday. Finally, Redburn Atlantic began coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating on the stock.

About Relx

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.