Relx Plc (NYSE:RELX) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its stake in shares of Relx Plc (NYSE:RELX) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,943 shares of the technology company’s stock after buying an additional 354 shares during the quarter. TD Private Client Wealth LLC’s holdings in Relx were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RELX. JPMorgan Chase & Co. raised its stake in shares of Relx by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after buying an additional 104,999 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in Relx by 17.1% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock valued at $3,706,000 after acquiring an additional 11,900 shares in the last quarter. LGT Group Foundation acquired a new position in Relx during the fourth quarter worth about $257,000. Smartleaf Asset Management LLC lifted its holdings in shares of Relx by 120.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock valued at $548,000 after purchasing an additional 6,588 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Relx in the fourth quarter valued at approximately $301,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. Finally, Barclays raised Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th.

Relx Stock Up 1.2 %

Shares of NYSE RELX opened at $50.39 on Wednesday. The firm has a market cap of $93.53 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The firm’s 50 day moving average price is $49.34 and its 200 day moving average price is $47.76.

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 issued a dividend of $0.5586 per share. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio (DPR) is 59.68%.

Relx Profile

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.