Verdence Capital Advisors LLC Purchases 3,659 Shares of Relx Plc (NYSE:RELX)

Verdence Capital Advisors LLC grew its position in Relx Plc (NYSE:RELX) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 42,961 shares of the technology company’s stock after acquiring an additional 3,659 shares during the period. Verdence Capital Advisors LLC’s holdings in Relx were worth $1,951,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Relx by 8.3% in the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after buying an additional 548,423 shares in the last quarter. Captrust Financial Advisors raised its stake in Relx by 3.4% during the third quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after purchasing an additional 35,807 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after purchasing an additional 104,999 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its stake in Relx by 31.8% during the third quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after purchasing an additional 119,405 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its stake in Relx by 2.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 280,889 shares of the technology company’s stock valued at $12,755,000 after purchasing an additional 7,289 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RELX has been the topic of a number of recent research reports. Redburn Atlantic initiated coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating on the stock. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday.

Relx Trading Down 0.9 %

Shares of RELX opened at $48.55 on Thursday. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a market cap of $90.24 billion, a P/E ratio of 26.10, a P/E/G ratio of 2.73 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company’s fifty day simple moving average is $48.54 and its 200-day simple moving average is $47.52.

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. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. This is an increase from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is currently 59.68%.

About Relx

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.