Outlook Wealth Advisors LLC Increases Position in Relx Plc (NYSE:RELX)

Outlook Wealth Advisors LLC grew its holdings in shares of Relx Plc (NYSE:RELX) by 25.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,275 shares of the technology company’s stock after purchasing an additional 1,480 shares during the period. Outlook Wealth Advisors LLC’s holdings in Relx were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. CWM LLC raised its holdings in Relx by 12.4% in the third quarter. CWM LLC now owns 5,134 shares of the technology company’s stock worth $173,000 after buying an additional 565 shares during the last quarter. Simplicity Solutions LLC raised its holdings in Relx by 4.7% in the 3rd quarter. Simplicity Solutions LLC now owns 10,379 shares of the technology company’s stock worth $350,000 after acquiring an additional 470 shares during the last quarter. Ballentine Partners LLC lifted its position in Relx by 23.6% in the 3rd quarter. Ballentine Partners LLC now owns 12,049 shares of the technology company’s stock valued at $406,000 after acquiring an additional 2,301 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its stake in Relx by 2.0% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 75,652 shares of the technology company’s stock valued at $2,549,000 after purchasing an additional 1,460 shares during the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of Relx by 4.7% in the 3rd quarter. SVB Wealth LLC now owns 7,760 shares of the technology company’s stock worth $262,000 after purchasing an additional 351 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on RELX. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Thursday. Berenberg Bank downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Relx Trading Up 1.2 %

RELX traded up $0.49 during trading on Friday, hitting $41.61. The company’s stock had a trading volume of 873,395 shares, compared to its average volume of 1,472,844. Relx Plc has a one year low of $30.10 and a one year high of $44.75. The business’s 50 day simple moving average is $42.85 and its 200-day simple moving average is $40.08. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Relx Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be given a dividend of $0.526 per share. 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. This represents a yield of 1.7%.

Relx Company 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.