Allspring Global Investments Holdings LLC Purchases 1,231 Shares of Relx Plc (NYSE:RELX)

Allspring Global Investments Holdings LLC raised its position in shares of Relx Plc (NYSE:RELX) by 49.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,719 shares of the technology company’s stock after acquiring an additional 1,231 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Relx were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Relx during the fourth quarter valued at $700,000. BSW Wealth Partners raised its position in shares of Relx by 8.2% during the 4th quarter. BSW Wealth Partners now owns 8,167 shares of the technology company’s stock valued at $324,000 after buying an additional 616 shares in the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of Relx during the 4th quarter valued at about $255,000. Prime Capital Investment Advisors LLC bought a new position in shares of Relx in the 4th quarter valued at about $1,743,000. Finally, Capital Insight Partners LLC grew its position in Relx by 2.9% in the fourth quarter. Capital Insight Partners LLC now owns 81,410 shares of the technology company’s stock worth $3,229,000 after acquiring an additional 2,322 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Performance

RELX opened at $41.61 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. The stock’s 50 day moving average price is $42.85 and its 200-day moving average price is $40.14. Relx Plc has a one year low of $30.10 and a one year high of $44.75.

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 given a $0.526 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Relx’s previous Semi-Annual dividend of $0.22.

Wall Street Analyst Weigh In

RELX has been the topic of a number of recent research reports. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Thursday. Berenberg Bank cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

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.