Triasima Portfolio Management inc. acquired a new position in shares of Relx Plc (NYSE:RELX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 42,460 shares of the technology company's stock, valued at approximately $1,684,000.
Other institutional investors also recently modified their holdings of the company. Morgan Stanley boosted its position in Relx by 2.5% during the 3rd quarter. Morgan Stanley now owns 4,826,070 shares of the technology company's stock worth $162,639,000 after acquiring an additional 117,228 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Relx by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,791,149 shares of the technology company's stock valued at $93,308,000 after acquiring an additional 243,339 shares during the period. BlackRock Inc. raised its stake in Relx by 2.5% in the 2nd quarter. BlackRock Inc. now owns 2,631,922 shares of the technology company's stock valued at $87,985,000 after acquiring an additional 63,190 shares during the period. Dimensional Fund Advisors LP raised its stake in Relx by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,412,933 shares of the technology company's stock valued at $78,276,000 after acquiring an additional 110,038 shares during the period. Finally, FMR LLC raised its stake in Relx by 9.0% in the 3rd quarter. FMR LLC now owns 2,349,521 shares of the technology company's stock valued at $79,179,000 after acquiring an additional 194,937 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on RELX shares. StockNews.com upgraded Relx from a "hold" rating to a "buy" rating in a research note on Monday, April 8th. Berenberg Bank lowered Relx from a "buy" rating to a "hold" rating in a report on Friday, March 1st.
Read Our Latest Analysis on RELX
Relx Price Performance
Shares of RELX traded down $0.09 during trading hours on Friday, hitting $41.77. 1,330,200 shares of the company were exchanged, compared to its average volume of 1,229,154. Relx Plc has a fifty-two week low of $30.10 and a fifty-two week high of $44.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The firm's fifty day moving average is $42.92 and its 200 day moving average is $39.61.
Relx Increases Dividend
The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.526 per share. This is a positive change from Relx's previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, May 2nd.
About Relx
(
Free Report)
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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