Tower Research Capital LLC TRC Acquires 1,142 Shares of Relx Plc (NYSE:RELX)

Tower Research Capital LLC TRC boosted its holdings in Relx Plc (NYSE:RELX) by 700.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,305 shares of the technology company’s stock after purchasing an additional 1,142 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Relx were worth $52,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RELX. Lindbrook Capital LLC raised its holdings in shares of Relx by 9.4% during the 4th quarter. Lindbrook Capital LLC now owns 3,194 shares of the technology company’s stock worth $127,000 after acquiring an additional 274 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Relx by 6.7% during the 4th quarter. Addison Advisors LLC now owns 4,438 shares of the technology company’s stock valued at $176,000 after acquiring an additional 277 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Relx by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock valued at $583,000 after acquiring an additional 287 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Relx by 2.3% during the 3rd quarter. Gradient Investments LLC now owns 14,327 shares of the technology company’s stock valued at $483,000 after acquiring an additional 316 shares during the last quarter. Finally, Wealth Alliance boosted its position in shares of Relx by 3.8% during the 3rd quarter. Wealth Alliance now owns 8,777 shares of the technology company’s stock valued at $296,000 after acquiring an additional 319 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Down 0.9 %

Shares of RELX stock traded down $0.36 during trading hours on Tuesday, reaching $41.19. 866,925 shares of the company’s stock were exchanged, compared to its average volume of 1,109,694. Relx Plc has a 1 year low of $30.10 and a 1 year high of $44.75. The stock has a market cap of $77.42 billion, a PE ratio of 24.66, a PEG ratio of 2.70 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The stock’s fifty day moving average price is $42.78 and its two-hundred day moving average price is $40.23.

Relx Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.526 per share. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.7%. Relx’s payout ratio is presently 12.57%.

Analysts Set New Price Targets

A number of analysts recently issued reports on RELX shares. Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

Relx 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.