Relx Plc (NYSE:RELX) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its stake in shares of Relx Plc (NYSE:RELX - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 141,976 shares of the technology company's stock after selling 37,271 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Relx were worth $6,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co grew its holdings in shares of Relx by 1,290.2% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after purchasing an additional 529 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Relx during the fourth quarter valued at about $31,000. Transce3nd LLC purchased a new stake in shares of Relx in the 4th quarter valued at approximately $40,000. Sierra Ocean LLC purchased a new position in shares of Relx during the 4th quarter worth approximately $43,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Relx by 218.5% in 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. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Stock Performance

Relx stock traded up $0.34 during mid-day trading on Friday, reaching $53.84. 655,058 shares of the company were exchanged, compared to its average volume of 708,122. The firm has a market cap 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. 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 firm's 50-day simple moving average is $50.49 and its two-hundred day simple moving average is $48.65. Relx Plc has a twelve month low of $42.77 and a twelve month high of $55.21.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Relx's previous semi-annual dividend of $0.23. Relx's dividend payout ratio (DPR) is 59.68%.

Wall Street Analyst Weigh In

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

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.