Relx Plc (NYSE:RELX) Shares Sold by Cynosure Group LLC

Cynosure Group LLC trimmed its holdings in Relx Plc (NYSE:RELX) by 28.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,715 shares of the technology company’s stock after selling 2,617 shares during the period. Cynosure Group LLC’s holdings in Relx were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Huntington National Bank lifted its stake in Relx by 15.2% in the 4th quarter. Huntington National Bank now owns 7,515 shares of the technology company’s stock valued at $341,000 after buying an additional 994 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Relx in the 4th quarter valued at about $2,369,000. OLD Mission Capital LLC acquired a new stake in shares of Relx during the 4th quarter worth about $614,000. HighPoint Advisor Group LLC acquired a new stake in shares of Relx during the 4th quarter worth about $199,000. Finally, Franklin Resources Inc. grew its holdings in shares of Relx by 17.1% during the fourth quarter. Franklin Resources Inc. now owns 21,584 shares of the technology company’s stock worth $980,000 after buying an additional 3,155 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Up 0.5 %

RELX opened at $50.93 on Thursday. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The firm has a 50 day moving average price of $49.59 and a 200 day moving average price of $47.89. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market cap of $94.53 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be given a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

Several research firms recently commented on RELX. The Goldman Sachs Group started coverage on Relx in a research note on Wednesday, March 26th. They issued a “buy” rating for the company. Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Finally, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.