4,407 Shares in Relx Plc (NYSE:RELX) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC acquired a new position in Relx Plc (NYSE:RELX) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,407 shares of the technology company’s stock, valued at approximately $200,000.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Relx by 14.6% in 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 period. Paradigm Asset Management Co. LLC grew its position 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. LGT Group Foundation bought a new stake in Relx in the 4th quarter worth approximately $257,000. Merit Financial Group LLC bought a new stake in Relx in the 4th quarter worth approximately $301,000. Finally, Smartleaf Asset Management LLC grew its position in Relx by 120.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock worth $548,000 after purchasing an additional 6,588 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RELX. Redburn Atlantic assumed coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th.

Relx Trading Up 0.1 %

Shares of RELX stock opened at $49.96 on Friday. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The firm has a fifty day moving average price of $49.18 and a 200-day moving average price of $47.69. 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 company has a market cap of $92.72 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This represents a 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%.

About Relx

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.