Verdence Capital Advisors LLC Raises Position in Relx Plc (NYSE:RELX)

Verdence Capital Advisors LLC grew its position in Relx Plc (NYSE:RELX) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,961 shares of the technology company’s stock after buying an additional 3,659 shares during the period. Verdence Capital Advisors LLC’s holdings in Relx were worth $1,951,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RELX. JPMorgan Chase & Co. raised its holdings in shares of Relx by 14.6% during the third 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. CWA Asset Management Group LLC purchased a new position in shares of Relx during the third quarter valued at approximately $548,000. Paradigm Asset Management Co. LLC raised its holdings in shares of Relx by 17.1% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock valued at $3,706,000 after purchasing an additional 11,900 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Relx during the fourth quarter valued at approximately $301,000. Finally, Franklin Resources Inc. raised its holdings in shares of Relx by 3.3% during the third quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock valued at $873,000 after purchasing an additional 588 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Performance

Shares of NYSE RELX opened at $48.55 on Thursday. The firm has a 50 day moving average of $48.54 and a 200 day moving average of $47.52. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $90.24 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99.

Relx Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. This represents a yield of 1.6%. This is a positive change from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx’s payout ratio is 59.68%.

Analysts Set New Price Targets

RELX has been the subject of several research reports. Redburn Atlantic initiated coverage on shares of Relx in a report on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday.

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.