Relx Plc (NYSE:RELX) Stake Lessened by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lessened its holdings in Relx Plc (NYSE:RELX) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,480 shares of the technology company’s stock after selling 735 shares during the period. Schechter Investment Advisors LLC’s holdings in Relx were worth $1,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LGT Group Foundation acquired a new position in shares of Relx in the fourth quarter worth $257,000. Jones Financial Companies Lllp grew its stake in Relx by 17.5% in the fourth quarter. Jones Financial Companies Lllp now owns 8,856 shares of the technology company’s stock valued at $402,000 after purchasing an additional 1,319 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Relx by 120.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock worth $548,000 after purchasing an additional 6,588 shares during the last quarter. Capital Wealth Planning LLC raised its stake in shares of Relx by 8.8% during the 4th quarter. Capital Wealth Planning LLC now owns 111,806 shares of the technology company’s stock worth $5,078,000 after purchasing an additional 9,072 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Relx during the 4th quarter worth about $334,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

NYSE RELX opened at $48.50 on Tuesday. Relx Plc has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The stock’s 50-day moving average is $48.42 and its two-hundred day moving average is $47.49. The firm has a market cap of $90.14 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RELX shares. Redburn Atlantic initiated coverage on Relx in a report on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.