Raymond James Financial Inc. Takes Position in Relx Plc (NYSE:RELX)

Raymond James Financial Inc. acquired a new stake in Relx Plc (NYSE:RELX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 980,097 shares of the technology company’s stock, valued at approximately $44,516,000. Raymond James Financial Inc. owned 0.05% of Relx at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RELX. CENTRAL TRUST Co increased 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 buying an additional 529 shares during the period. Versant Capital Management Inc bought a new stake in Relx in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in Relx in the fourth quarter valued at approximately $43,000. Private Trust Co. NA boosted its holdings in Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after acquiring an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Relx in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RELX. Redburn Atlantic began coverage on Relx in a report on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Relx Price Performance

Relx stock opened at $47.25 on Wednesday. The stock has a market capitalization of $87.82 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.73 and a beta of 0.90. Relx Plc has a 52-week low of $40.25 and a 52-week high of $51.99. The stock’s 50 day moving average price is $48.69 and its two-hundred day moving average price is $47.57. 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 Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. 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. Relx’s dividend payout ratio is presently 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.