Bank of America Corp DE Increases Holdings in Relx Plc (NYSE:RELX)

Bank of America Corp DE lifted its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,246,462 shares of the technology company's stock after acquiring an additional 253,107 shares during the quarter. Bank of America Corp DE owned approximately 0.34% of Relx worth $283,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co grew its stake in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock valued at $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Relx during the 4th quarter worth approximately $31,000. Transce3nd LLC acquired a new stake in shares of Relx in the 4th quarter valued at $40,000. Sierra Ocean LLC bought a new position in Relx in the fourth quarter valued at about $43,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after purchasing an additional 662 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating on the stock. StockNews.com cut shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Finally, Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Relx has a consensus rating of "Buy".

Relx Stock Down 0.4 %

NYSE RELX traded down $0.22 during trading hours on Friday, hitting $53.84. The company's stock had a trading volume of 655,058 shares, compared to its average volume of 708,310. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company's 50-day simple moving average is $50.59 and its two-hundred day simple moving average is $48.69. The company has a market capitalization of $99.65 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. Relx Plc has a 52 week low of $42.77 and a 52 week high of $55.21.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. This is an increase from Relx's previous semi-annual dividend of $0.23. Relx's dividend payout ratio is 59.68%.

Relx Company 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.