Smartleaf Asset Management LLC Has $548,000 Stake in Relx Plc (NYSE:RELX)

Smartleaf Asset Management LLC grew its holdings in Relx Plc (NYSE:RELX) by 120.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,066 shares of the technology company’s stock after buying an additional 6,588 shares during the period. Smartleaf Asset Management LLC’s holdings in Relx were worth $548,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 104,999 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Relx during the 3rd quarter worth approximately $548,000. Paradigm Asset Management Co. LLC lifted its holdings in Relx by 17.1% during 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 last quarter. Merit Financial Group LLC acquired a new stake in Relx during the 4th quarter worth approximately $301,000. Finally, International Assets Investment Management LLC acquired a new stake in Relx during the 3rd quarter worth approximately $1,268,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Relx Trading Up 0.3 %

Shares of RELX stock opened at $48.50 on Tuesday. The firm has a market capitalization 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. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The stock’s fifty day simple moving average is $48.42 and its 200 day simple moving average is $47.49. 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 business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s payout ratio is presently 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.