SVB Wealth LLC Acquires New Shares in Relx Plc (NYSE:RELX)

SVB Wealth LLC bought a new position in Relx Plc (NYSE:RELX) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,352 shares of the technology company’s stock, valued at approximately $334,000.

Other hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its holdings in shares of Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after acquiring an additional 529 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Relx in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Relx in the fourth quarter valued at approximately $43,000. Private Trust Co. NA raised its holdings in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after buying an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Relx during the fourth quarter worth approximately $74,000. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RELX shares. Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday.

Relx Price Performance

Shares of NYSE:RELX opened at $48.98 on Wednesday. The stock’s 50 day moving average price is $48.48 and its 200 day moving average price is $47.51. 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 stock has a market cap of $91.02 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.73 and a beta of 0.90. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a $0.5586 dividend. This is a positive change from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio is 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.