FourThought Financial LLC lessened its holdings in Relx Plc (NYSE:RELX – Get Rating) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,230 shares of the technology company’s stock after selling 1,222 shares during the period. FourThought Financial LLC’s holdings in Relx were worth $297,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in Relx in the second quarter worth about $28,000. Allworth Financial LP increased its holdings in shares of Relx by 455.3% during the third quarter. Allworth Financial LP now owns 1,455 shares of the technology company’s stock worth $35,000 after buying an additional 1,193 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of Relx during the third quarter worth approximately $35,000. Penserra Capital Management LLC acquired a new stake in shares of Relx during the third quarter worth approximately $36,000. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of Relx during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 3.41% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Relx in a report on Thursday. They set a “hold” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Relx from GBX 2,810 ($34.25) to GBX 2,840 ($34.61) in a research note on Wednesday. Barclays cut shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 31st. Credit Suisse Group increased their price target on shares of Relx from GBX 2,800 ($34.13) to GBX 2,860 ($34.86) in a research note on Friday, February 17th. Finally, Morgan Stanley decreased their price target on shares of Relx from GBX 3,020 ($36.81) to GBX 2,950 ($35.95) in a research note on Friday, December 16th.
Relx Price Performance
Relx Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, April 28th will be paid a $0.466 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Relx’s previous Semi-Annual dividend of $0.44. Relx’s dividend payout ratio (DPR) is presently 24.00%.
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.
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