Whipplewood Advisors LLC Invests $74,000 in Relx Plc (NYSE:RELX)

Whipplewood Advisors LLC bought a new position in shares of Relx Plc (NYSE:RELX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,623 shares of the technology company’s stock, valued at approximately $74,000.

Several other hedge funds also recently made changes to their positions in RELX. Allspring Global Investments Holdings LLC increased its holdings in shares of Relx by 3.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,874 shares of the technology company’s stock worth $611,000 after purchasing an additional 416 shares during the period. International Assets Investment Management LLC bought a new position in shares of Relx during the third quarter worth approximately $1,268,000. Financial Advocates Investment Management increased its holdings in shares of Relx by 5.5% during the third quarter. Financial Advocates Investment Management now owns 14,444 shares of the technology company’s stock worth $686,000 after purchasing an additional 748 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Relx by 80.3% during the third quarter. Farther Finance Advisors LLC now owns 20,250 shares of the technology company’s stock worth $961,000 after purchasing an additional 9,021 shares during the period. Finally, BSW Wealth Partners increased its holdings in shares of Relx by 24.4% during the third quarter. BSW Wealth Partners now owns 11,259 shares of the technology company’s stock worth $534,000 after purchasing an additional 2,209 shares during the period. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RELX has been the topic of several recent research reports. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock.

Relx Stock Performance

Shares of NYSE:RELX opened at $48.34 on Friday. The company’s 50 day simple moving average is $48.37 and its 200 day simple moving average is $47.44. The stock has a market capitalization of $89.85 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. Relx’s dividend payout ratio (DPR) is 59.68%.

About Relx

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.