Wealth Alliance Increases Position in Relx Plc (NYSE:RELX)

Wealth Alliance lifted its holdings in shares of Relx Plc (NYSE:RELX) by 4.9% during the fourth quarter, Holdings Channel reports. The fund owned 10,430 shares of the technology company’s stock after purchasing an additional 491 shares during the quarter. Wealth Alliance’s holdings in Relx were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. 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 buying an additional 104,999 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Relx during the third quarter valued at approximately $548,000. Merit Financial Group LLC acquired a new stake in Relx during the fourth quarter valued at approximately $301,000. International Assets Investment Management LLC acquired a new stake in Relx during the third quarter valued at approximately $1,268,000. Finally, Franklin Resources Inc. raised its stake in Relx by 3.3% during the third quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock valued at $873,000 after buying an additional 588 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on RELX. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Saturday. Redburn Atlantic initiated coverage on Relx in a report on Wednesday, January 8th. They set a “buy” rating for the company.

Relx Stock Down 2.2 %

NYSE:RELX opened at $49.29 on Friday. The stock has a 50 day moving average of $48.09 and a 200-day moving average of $47.27. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%.

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.