SVB Wealth LLC Purchases 921 Shares of Relx Plc (NYSE:RELX)

SVB Wealth LLC increased its position in Relx Plc (NYSE:RELX) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,681 shares of the technology company’s stock after purchasing an additional 921 shares during the quarter. SVB Wealth LLC’s holdings in Relx were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hamilton Point Investment Advisors LLC grew its stake in Relx by 2.2% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 155,975 shares of the technology company’s stock worth $6,186,000 after purchasing an additional 3,380 shares in the last quarter. Keel Point LLC bought a new position in Relx in the fourth quarter worth approximately $252,000. Outlook Wealth Advisors LLC bought a new position in Relx in the fourth quarter worth approximately $230,000. Triasima Portfolio Management inc. bought a new position in Relx in the fourth quarter worth approximately $1,684,000. Finally, NewEdge Wealth LLC grew its stake in Relx by 62.7% in the fourth quarter. NewEdge Wealth LLC now owns 104,453 shares of the technology company’s stock worth $4,143,000 after purchasing an additional 40,235 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of NYSE RELX opened at $41.07 on Monday. 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 12-month low of $30.10 and a 12-month high of $44.75. The stock’s fifty day simple moving average is $42.89 and its two-hundred day simple moving average is $39.92.

Relx Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 3rd will be given a $0.526 dividend. This is a boost 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%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Berenberg Bank cut Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Company 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.