Cerity Partners LLC Acquires 24,449 Shares of Relx Plc (NYSE:RELX)

Cerity Partners LLC lifted its holdings in Relx Plc (NYSE:RELX) by 151.3% during the fourth quarter, HoldingsChannel reports. The firm owned 40,603 shares of the technology company’s stock after purchasing an additional 24,449 shares during the period. Cerity Partners LLC’s holdings in Relx were worth $1,610,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in Relx during the first quarter worth about $26,000. Resurgent Financial Advisors LLC acquired a new stake in Relx during the fourth quarter worth about $27,000. Janiczek Wealth Management LLC grew its position in Relx by 147.5% during the third quarter. Janiczek Wealth Management LLC now owns 990 shares of the technology company’s stock worth $33,000 after buying an additional 590 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in Relx during the third quarter worth about $34,000. Finally, NBC Securities Inc. acquired a new stake in Relx during the third quarter worth about $38,000. 15.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RELX shares. Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Relx Stock Down 0.9 %

NYSE RELX opened at $41.07 on Friday. The company has a market capitalization of $77.20 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.69 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. Relx Plc has a 1-year low of $30.10 and a 1-year high of $44.75. The stock’s 50 day moving average is $42.89 and its two-hundred day moving average is $39.88.

Relx Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 3rd will be issued a $0.526 dividend. This is an increase from Relx’s previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, May 2nd. Relx’s payout ratio is presently 62.50%.

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.