Callan Family Office LLC Takes Position in Relx Plc (NYSE:RELX)

Callan Family Office LLC acquired a new stake in Relx Plc (NYSE:RELX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,588 shares of the technology company’s stock, valued at approximately $617,000.

A number of other institutional investors have also modified their holdings of RELX. Fiera Capital Corp grew its stake in shares of Relx by 20.3% in the third quarter. Fiera Capital Corp now owns 8,227 shares of the technology company’s stock valued at $390,000 after buying an additional 1,391 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Relx in the third quarter valued at $548,000. Lindbrook Capital LLC grew its stake in shares of Relx by 68.4% in the third quarter. Lindbrook Capital LLC now owns 5,990 shares of the technology company’s stock valued at $284,000 after buying an additional 2,434 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Relx by 5.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,270 shares of the technology company’s stock valued at $250,000 after buying an additional 266 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Relx by 56.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 264,109 shares of the technology company’s stock worth $12,535,000 after purchasing an additional 95,197 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Relx Trading Up 1.8 %

RELX opened at $48.08 on Monday. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99. The stock has a market capitalization of $89.36 billion, a price-to-earnings ratio of 25.85, a PEG 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. The business has a fifty day moving average price of $48.62 and a 200 day moving average price of $47.55.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. This is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. The ex-dividend date 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.