Relx Plc (NYSE:RELX) Shares Acquired by Huntington National Bank

Huntington National Bank increased its stake in shares of Relx Plc (NYSE:RELX) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,515 shares of the technology company’s stock after purchasing an additional 994 shares during the period. Huntington National Bank’s holdings in Relx were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA acquired a new position in shares of Relx during the fourth quarter valued at approximately $2,369,000. OLD Mission Capital LLC acquired a new position in Relx in the 4th quarter valued at $614,000. HighPoint Advisor Group LLC purchased a new position in Relx in the 4th quarter valued at $199,000. Franklin Resources Inc. boosted its stake in Relx by 17.1% during the 4th quarter. Franklin Resources Inc. now owns 21,584 shares of the technology company’s stock worth $980,000 after purchasing an additional 3,155 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Relx by 5.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 407,376 shares of the technology company’s stock worth $18,503,000 after buying an additional 21,040 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Price Performance

Shares of RELX stock opened at $48.21 on Friday. 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 capitalization of $89.48 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The firm’s 50-day moving average is $49.62 and its two-hundred day moving average is $47.91. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99.

Relx Increases Dividend

The firm also recently disclosed 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 is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com lowered 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. The Goldman Sachs Group began coverage on Relx in a report on Wednesday, March 26th. They issued a “buy” rating for the company. Finally, Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Relx presently has an average rating of “Buy”.

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.