Whittier Trust Co. of Nevada Inc. Increases Stake in Relx Plc (NYSE:RELX)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of Relx Plc (NYSE:RELX) by 95.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,743 shares of the technology company’s stock after purchasing an additional 3,791 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Relx were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RELX. FMR LLC lifted its stake in Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock valued at $339,284,000 after acquiring an additional 548,423 shares during the period. Natixis Advisors LLC lifted its stake in Relx by 2.8% during the 4th quarter. Natixis Advisors LLC now owns 1,202,592 shares of the technology company’s stock valued at $54,622,000 after acquiring an additional 32,739 shares during the period. Captrust Financial Advisors lifted its stake in Relx by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after acquiring an additional 35,807 shares during the period. Raymond James Financial Inc. bought a new position in Relx during the 4th quarter valued at about $44,516,000. Finally, JPMorgan Chase & Co. lifted its stake in Relx by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after acquiring an additional 104,999 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RELX shares. Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Finally, StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Relx Price Performance

Shares of NYSE:RELX opened at $49.96 on Monday. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The stock has a market capitalization of $92.72 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The firm’s 50 day moving average price is $49.18 and its 200-day moving average price is $47.71. 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 company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5586 per share. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. Relx’s dividend payout ratio (DPR) is presently 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.