Relx Plc (NYSE:RELX) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its stake in shares of Relx Plc (NYSE:RELX) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 257,095 shares of the technology company’s stock after selling 2,548 shares during the period. Neuberger Berman Group LLC’s holdings in Relx were worth $11,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Relx by 50.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock worth $89,420,000 after buying an additional 658,655 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Relx by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,898,927 shares of the technology company’s stock worth $86,249,000 after purchasing an additional 48,336 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Relx by 2.8% during the fourth quarter. Natixis Advisors LLC now owns 1,202,592 shares of the technology company’s stock worth $54,622,000 after purchasing an additional 32,739 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Relx in the 4th quarter valued at $44,516,000. Finally, Bank of Montreal Can lifted its holdings in Relx by 290.3% in the 4th quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock valued at $40,277,000 after purchasing an additional 659,547 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Up 0.7 %

NYSE RELX opened at $48.89 on Friday. The business’s fifty day simple moving average is $49.30 and its 200-day simple moving average is $47.87. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The firm has a market cap of $90.74 billion, a PE ratio of 26.28, a P/E/G ratio of 2.73 and a beta of 0.84. Relx Plc has a 52 week low of $40.25 and a 52 week 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 given a dividend of $0.5586 per share. This is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. Relx’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic began coverage on shares of Relx in a report on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a “buy” rating on the stock. Finally, Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Relx presently has an average rating of “Buy”.

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.