Balyasny Asset Management L.P. Purchases 14,327 Shares of Relx Plc (NYSE:RELX)

Balyasny Asset Management L.P. boosted its holdings in Relx Plc (NYSE:RELX - Free Report) by 32.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,235 shares of the technology company's stock after buying an additional 14,327 shares during the period. Balyasny Asset Management L.P.'s holdings in Relx were worth $2,645,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co boosted 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 valued at $26,000 after purchasing an additional 529 shares during the last quarter. Transce3nd LLC bought a new position in shares of Relx during the 4th quarter valued at about $40,000. Sierra Ocean LLC bought a new position in shares of Relx during the 4th quarter valued at about $43,000. Brown Brothers Harriman & Co. boosted 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. Finally, Private Trust Co. NA boosted its holdings in shares of Relx by 19.2% during the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock valued at $56,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.

Relx Trading Up 0.9%

Shares of NYSE:RELX traded up $0.49 during trading on Friday, reaching $54.53. The company's stock had a trading volume of 432,311 shares, compared to its average volume of 707,376. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. Relx Plc has a 12 month low of $43.28 and a 12 month high of $55.21. The firm's 50 day simple moving average is $51.14 and its two-hundred day simple moving average is $48.90. The stock has a market capitalization of $100.66 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. 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 (DPR) is presently 59.68%.

Analyst Ratings Changes

Several research firms have commented on RELX. The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday, March 26th. They set a "buy" rating for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Barclays raised shares of Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Relx currently has a consensus rating of "Buy".

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.