Portside Wealth Group LLC Increases Stake in Relx Plc (NYSE:RELX)

Portside Wealth Group LLC raised its position in shares of Relx Plc (NYSE:RELX) by 6.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,551 shares of the technology company’s stock after purchasing an additional 671 shares during the quarter. Portside Wealth Group LLC’s holdings in Relx were worth $530,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital International Investors increased its holdings in Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after buying an additional 1,623,705 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Relx in the fourth quarter worth approximately $21,983,000. Captrust Financial Advisors raised its holdings in shares of Relx by 185.6% during the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock valued at $28,977,000 after purchasing an additional 434,963 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Relx by 13.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after purchasing an additional 399,101 shares during the period. Finally, Norges Bank purchased a new stake in Relx in the fourth quarter worth approximately $12,255,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Performance

Shares of NYSE:RELX traded down $0.04 during trading on Friday, hitting $45.58. The company’s stock had a trading volume of 398,635 shares, compared to its average volume of 917,418. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. The company has a 50-day moving average of $45.64 and a 200-day moving average of $43.86. Relx Plc has a 12 month low of $31.38 and a 12 month high of $47.42.

Relx Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd will be paid a dividend of $0.234 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 2nd.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Relx in a research note on Tuesday, August 6th. They set a “hold” rating for the company.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.