Edge Capital Group LLC Trims Stake in Relx Plc (NYSE:RELX)

Edge Capital Group LLC lowered its stake in Relx Plc (NYSE:RELX) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241,474 shares of the technology company’s stock after selling 1,706 shares during the quarter. Edge Capital Group LLC’s holdings in Relx were worth $10,968,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. CENTRAL TRUST Co increased its holdings in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc purchased a new position in Relx in the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new position in shares of Relx during the fourth quarter worth about $43,000. Private Trust Co. NA lifted its position in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after purchasing an additional 566 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Relx during the third quarter worth about $125,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Trading Down 2.2 %

Shares of NYSE:RELX opened at $49.29 on Monday. The firm has a fifty day moving average of $48.13 and a two-hundred day moving average of $47.35. The firm has a market capitalization of $91.60 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. This is an increase from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Upgrades and Downgrades

RELX has been the topic of a number of recent research reports. Redburn Atlantic started coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.