Raymond James Financial Services Advisors Inc. Grows Position in Relx Plc (NYSE:RELX)

Raymond James Financial Services Advisors Inc. increased its position in Relx Plc (NYSE:RELX) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,893 shares of the technology company’s stock after purchasing an additional 3,108 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Relx were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in RELX. Tower Research Capital LLC TRC purchased a new position in Relx during the first quarter valued at $26,000. Resurgent Financial Advisors LLC purchased a new position in Relx during the fourth quarter valued at $27,000. Janiczek Wealth Management LLC raised its stake in Relx by 147.5% during the third quarter. Janiczek Wealth Management LLC now owns 990 shares of the technology company’s stock valued at $33,000 after buying an additional 590 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Relx during the third quarter valued at $34,000. Finally, NBC Securities Inc. purchased a new position in Relx during the third quarter valued at $38,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of recent research reports. Berenberg Bank cut Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Tuesday.

Relx Trading Down 0.9 %

Relx stock opened at $41.28 on Wednesday. The stock has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $39.76. Relx Plc has a 12 month low of $30.10 and a 12 month high of $44.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Increases Dividend

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

About Relx

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.