Perigon Wealth Management LLC Buys New Position in Relx Plc (NYSE:RELX)

Perigon Wealth Management LLC purchased a new stake in Relx Plc (NYSE:RELX) in the fourth quarter, Holdings Channel.com reports. The fund purchased 5,060 shares of the technology company’s stock, valued at approximately $201,000.

Several other large investors have also bought and sold shares of RELX. Gradient Investments LLC lifted its position in shares of Relx by 2.3% during the third quarter. Gradient Investments LLC now owns 14,327 shares of the technology company’s stock valued at $483,000 after purchasing an additional 316 shares in the last quarter. Wealth Alliance boosted its stake in shares of Relx by 3.8% in the 3rd quarter. Wealth Alliance now owns 8,777 shares of the technology company’s stock worth $296,000 after buying an additional 319 shares during the last quarter. SVB Wealth LLC grew its holdings in shares of Relx by 4.7% in the third quarter. SVB Wealth LLC now owns 7,760 shares of the technology company’s stock valued at $262,000 after acquiring an additional 351 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in shares of Relx by 2.1% in the first quarter. Snowden Capital Advisors LLC now owns 16,783 shares of the technology company’s stock valued at $544,000 after acquiring an additional 353 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Relx by 4.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,746 shares of the technology company’s stock valued at $272,000 after acquiring an additional 386 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research note on Tuesday. Berenberg Bank downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Relx Stock Performance

Shares of NYSE RELX opened at $41.45 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. Relx Plc has a one year low of $30.10 and a one year high of $44.75. The business’s fifty day moving average price is $42.92 and its 200-day moving average price is $39.77.

Relx Increases Dividend

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

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.