Alliancebernstein L.P. Has $41.03 Million Position in Relx Plc (NYSE:RELX)

Alliancebernstein L.P. cut its position in Relx Plc (NYSE:RELX) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,242 shares of the technology company’s stock after selling 38,247 shares during the quarter. Alliancebernstein L.P.’s holdings in Relx were worth $41,025,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Relx by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 120,300 shares of the technology company’s stock worth $5,709,000 after purchasing an additional 14,088 shares during the period. BNP Paribas Financial Markets raised its position in Relx by 20.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 42,281 shares of the technology company’s stock worth $2,007,000 after purchasing an additional 7,239 shares during the last quarter. Verition Fund Management LLC bought a new position in Relx during the 3rd quarter worth $255,000. Benjamin Edwards Inc. acquired a new position in shares of Relx in the third quarter worth approximately $438,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of Relx in the 3rd quarter worth approximately $236,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on RELX. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Redburn Atlantic initiated coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, March 26th. They set a “buy” rating on the stock. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Relx Price Performance

Shares of NYSE:RELX opened at $48.21 on Friday. The company has a 50-day moving average price of $49.62 and a two-hundred day moving average price of $47.91. The firm has a market capitalization of $89.48 billion, a PE ratio of 25.92, a P/E/G ratio of 2.73 and a beta of 0.84. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. 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 business also recently declared 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. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. 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.