Relx Plc (NYSE:RELX) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its position in shares of Relx Plc (NYSE:RELX) by 8.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,630 shares of the technology company’s stock after buying an additional 772 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Relx were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after buying an additional 548,423 shares during the last quarter. Natixis Advisors LLC increased its stake in Relx by 2.8% during the fourth quarter. Natixis Advisors LLC now owns 1,202,592 shares of the technology company’s stock worth $54,622,000 after acquiring an additional 32,739 shares during the last quarter. Captrust Financial Advisors raised its position in Relx by 3.4% in the third quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after purchasing an additional 35,807 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Relx in the 4th quarter valued at $44,516,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Relx by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after purchasing an additional 104,999 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Up 0.3 %

Shares of RELX opened at $50.21 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market capitalization of $93.18 billion, a PE ratio of 26.99, a P/E/G ratio of 2.73 and a beta of 0.90. The company’s 50-day simple moving average is $49.48 and its 200-day simple moving average is $47.82. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99.

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 given a $0.5586 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, May 9th. This is a boost from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio (DPR) is currently 59.68%.

Analysts Set New Price Targets

RELX has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Relx in a report on Wednesday. They issued a “buy” rating on the stock. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. Finally, StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Relx has a consensus rating of “Buy”.

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.