Whipplewood Advisors LLC Invests $74,000 in Relx Plc (NYSE:RELX)

Whipplewood Advisors LLC acquired a new position in shares of Relx Plc (NYSE:RELX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,623 shares of the technology company’s stock, valued at approximately $74,000.

A number of other large investors also recently modified their holdings of RELX. FMR LLC lifted its stake in Relx by 8.3% in the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock valued at $339,284,000 after purchasing an additional 548,423 shares during the last quarter. Captrust Financial Advisors lifted its stake in Relx by 3.4% in the 3rd 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 last quarter. JPMorgan Chase & Co. lifted its stake in Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after purchasing an additional 104,999 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its stake in Relx by 31.8% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after purchasing an additional 119,405 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in Relx by 2.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 280,889 shares of the technology company’s stock valued at $12,755,000 after purchasing an additional 7,289 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RELX shares. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company.

Relx Stock Up 1.5 %

Relx stock opened at $48.34 on Friday. The stock has a market cap of $89.85 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The company’s 50-day moving average price is $48.37 and its two-hundred day moving average price is $47.44.

Relx Increases Dividend

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