Norden Group LLC Sells 402 Shares of Relx Plc (NYSE:RELX)

Norden Group LLC decreased its position in shares of Relx Plc (NYSE:RELX) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,292 shares of the technology company’s stock after selling 402 shares during the quarter. Norden Group LLC’s holdings in Relx were worth $467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 104,999 shares during the period. CWA Asset Management Group LLC bought a new position in Relx in the 3rd quarter worth about $548,000. Paradigm Asset Management Co. LLC boosted its stake in Relx by 17.1% in the 4th 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. Merit Financial Group LLC bought a new position in Relx in the 4th quarter worth about $301,000. Finally, International Assets Investment Management LLC bought a new position in Relx in the 3rd quarter worth about $1,268,000. Institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Relx Stock Up 0.3 %

Shares of NYSE RELX opened at $48.50 on Tuesday. The business has a 50-day simple moving average of $48.42 and a two-hundred day simple moving average of $47.49. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a market cap of $90.14 billion, a P/E ratio of 26.08, 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 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 issued a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio (DPR) is presently 59.68%.

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.