Freedom Investment Management Inc. Has $1.04 Million Stock Holdings in Relx Plc (NYSE:RELX)

Freedom Investment Management Inc. lessened its holdings in shares of Relx Plc (NYSE:RELX) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,890 shares of the technology company’s stock after selling 2,531 shares during the quarter. Freedom Investment Management Inc.’s holdings in Relx were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RELX. CENTRAL TRUST Co increased its stake 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 buying an additional 529 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Relx in the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in Relx during the fourth quarter valued at about $43,000. Brown Brothers Harriman & Co. boosted its holdings in Relx by 218.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after buying an additional 662 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Relx by 19.2% in the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after acquiring an additional 199 shares during the period. 15.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RELX shares. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research report on Wednesday. The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, March 26th. They issued a “buy” rating on the stock. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Relx Stock Up 1.9 %

Shares of NYSE:RELX opened at $52.20 on Friday. The stock has a 50 day moving average price of $49.37 and a 200-day moving average price of $48.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The firm has a market capitalization of $96.61 billion, a P/E ratio of 28.06, 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 $52.54.

Relx Increases Dividend

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

Relx 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.