Relx Plc (NYSE:RELX) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its holdings in shares of Relx Plc (NYSE:RELX) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,021 shares of the technology company’s stock after purchasing an additional 773 shares during the period. Quadrant Capital Group LLC’s holdings in Relx were worth $1,046,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Relx by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,300 shares of the technology company’s stock worth $5,709,000 after purchasing an additional 14,088 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Relx by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 42,281 shares of the technology company’s stock valued at $2,007,000 after buying an additional 7,239 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Relx in the 3rd quarter valued at $255,000. Benjamin Edwards Inc. acquired a new position in shares of Relx in the 3rd quarter valued at $438,000. Finally, Hilltop Holdings Inc. purchased a new position in Relx in the 3rd quarter worth $236,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Relx Stock Down 6.3 %

Shares of RELX opened at $48.21 on Monday. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a market capitalization of $89.48 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.73 and a beta of 0.84. The stock’s 50-day moving average price is $49.62 and its 200-day moving average price is $47.92. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. This is a positive change from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. Relx’s payout ratio 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.