First Affirmative Financial Network Makes New Investment in Relx Plc (NYSE:RELX)

First Affirmative Financial Network purchased a new stake in shares of Relx Plc (NYSE:RELX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,653 shares of the technology company’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Syon Capital LLC increased its stake in Relx by 58.9% during the 4th quarter. Syon Capital LLC now owns 10,223 shares of the technology company’s stock valued at $405,000 after buying an additional 3,790 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Relx by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after acquiring an additional 399,101 shares in the last quarter. Timber Creek Capital Management LLC acquired a new position in shares of Relx during the first quarter valued at approximately $43,000. GAMMA Investing LLC raised its holdings in Relx by 24.7% during the first quarter. GAMMA Investing LLC now owns 6,912 shares of the technology company’s stock worth $299,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in Relx in the first quarter worth approximately $235,000. 15.02% of the stock is currently owned by institutional investors.

Relx Price Performance

RELX stock opened at $46.83 on Friday. Relx Plc has a 12 month low of $33.94 and a 12 month high of $48.91. The firm has a 50 day simple moving average of $46.60 and a 200 day simple moving average of $44.99.

Relx Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were given a dividend of $0.234 per share. The ex-dividend date was Friday, August 2nd. This represents a dividend yield of 1.6%.

Wall Street Analyst Weigh In

RELX has been the topic of several research analyst reports. Citigroup upgraded Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

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.