United Capital Financial Advisors LLC Sells 6,734 Shares of Relx Plc (NYSE:RELX)

United Capital Financial Advisors LLC cut its holdings in shares of Relx Plc (NYSE:RELX) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,316 shares of the technology company’s stock after selling 6,734 shares during the period. United Capital Financial Advisors LLC’s holdings in Relx were worth $6,191,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Relx during the fourth quarter worth $44,516,000. Bank of Montreal Can grew its position in shares of Relx by 290.3% in the 4th quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock valued at $40,277,000 after buying an additional 659,547 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Relx by 50.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock valued at $89,420,000 after buying an additional 658,655 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Relx in the fourth quarter valued at about $9,920,000. Finally, ABC Arbitrage SA acquired a new position in shares of Relx in the fourth quarter worth approximately $6,296,000. 15.02% of the stock is owned by institutional investors.

Relx Stock Down 0.4 %

Relx stock opened at $51.28 on Thursday. The company has a market capitalization of $94.91 billion, a PE ratio of 27.57, a PEG ratio of 2.73 and a beta of 0.84. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99. The firm’s fifty day moving average is $49.32 and its 200 day moving average is $47.94. 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. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. 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 dividend yield of 1.6%. Relx’s dividend payout ratio (DPR) is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RELX. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company. The Goldman Sachs Group began coverage on shares of Relx in a research note on Wednesday, March 26th. They set a “buy” rating for the company. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Wednesday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.