Sequoia Financial Advisors LLC Grows Holdings in Relx Plc (NYSE:RELX)

Sequoia Financial Advisors LLC boosted its holdings in Relx Plc (NYSE:RELX) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,447 shares of the technology company’s stock after purchasing an additional 1,676 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Relx were worth $494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Relx in the 1st quarter worth approximately $26,000. Resurgent Financial Advisors LLC bought a new position in Relx in the 4th quarter worth approximately $27,000. Janiczek Wealth Management LLC boosted its stake in Relx by 147.5% in the 3rd quarter. Janiczek Wealth Management LLC now owns 990 shares of the technology company’s stock worth $33,000 after purchasing an additional 590 shares during the period. Milestone Investment Advisors LLC bought a new position in Relx in the 3rd quarter worth approximately $34,000. Finally, FSC Wealth Advisors LLC bought a new position in Relx in the 4th quarter worth approximately $42,000. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Down 0.9 %

RELX stock opened at $41.28 on Wednesday. The firm has a fifty day moving average price of $42.92 and a 200 day moving average price of $39.76. Relx Plc has a fifty-two week low of $30.10 and a fifty-two week 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. Investors of record on Friday, May 3rd will be issued a $0.526 dividend. The ex-dividend date is Thursday, May 2nd. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.7%.

Wall Street Analyst Weigh In

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

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.