43,999 Shares in Relx Plc (NYSE:RELX) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in shares of Relx Plc (NYSE:RELX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 43,999 shares of the technology company’s stock, valued at approximately $1,998,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Relx by 14.6% during the third 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. LGT Group Foundation acquired a new stake in Relx during the fourth quarter worth approximately $257,000. Paradigm Asset Management Co. LLC grew its stake in Relx by 17.1% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock worth $3,706,000 after purchasing an additional 11,900 shares during the period. Smartleaf Asset Management LLC grew its stake in Relx by 120.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock valued at $548,000 after acquiring an additional 6,588 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Relx during the fourth quarter valued at approximately $301,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RELX shares. Redburn Atlantic began coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Wednesday, April 16th. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Relx currently has a consensus rating of “Buy”.

Relx Stock Performance

Shares of RELX stock opened at $53.37 on Tuesday. The firm has a 50-day moving average of $49.59 and a 200-day moving average of $48.29. The company has a market cap of $98.78 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.73 and a beta of 0.84. 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 Plc has a one year low of $40.77 and a one year high of $53.56.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. This is an increase from Relx’s previous semi-annual dividend of $0.23. 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.