Naviter Wealth LLC Raises Stock Position in Relx Plc (NYSE:RELX)

Naviter Wealth LLC boosted its position in shares of Relx Plc (NYSE:RELX) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,382 shares of the technology company’s stock after acquiring an additional 5,187 shares during the period. Naviter Wealth LLC’s holdings in Relx were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RELX. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Relx in the 4th quarter worth $16,120,000. Envestnet Asset Management Inc. boosted its holdings in Relx by 27.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,781,022 shares of the technology company’s stock worth $60,020,000 after acquiring an additional 384,504 shares in the last quarter. FMR LLC grew its stake in shares of Relx by 9.0% during the third quarter. FMR LLC now owns 2,349,521 shares of the technology company’s stock worth $79,179,000 after acquiring an additional 194,937 shares during the last quarter. Invesco Ltd. grew its stake in shares of Relx by 11.2% during the third quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after acquiring an additional 131,711 shares during the last quarter. Finally, Arlington Partners LLC acquired a new position in shares of Relx during the third quarter valued at about $3,019,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Down 0.0 %

Shares of NYSE:RELX opened at $41.53 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. The business has a 50 day moving average of $42.83 and a two-hundred day moving average of $40.19. Relx Plc has a 12-month low of $30.10 and a 12-month high of $44.75.

Relx Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be given a dividend of $0.526 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22.

Analysts Set New Price Targets

A number of research analysts have issued reports on RELX shares. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Berenberg Bank cut Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.