OLD Mission Capital LLC Acquires New Position in Relx Plc (NYSE:RELX)

OLD Mission Capital LLC bought a new position in shares of Relx Plc (NYSE:RELX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 13,524 shares of the technology company’s stock, valued at approximately $614,000.

Several other large investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC bought a new stake in shares of Relx during the 4th quarter valued at $199,000. Franklin Resources Inc. lifted its position in shares of Relx by 17.1% in the fourth quarter. Franklin Resources Inc. now owns 21,584 shares of the technology company’s stock valued at $980,000 after acquiring an additional 3,155 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Relx by 5.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 407,376 shares of the technology company’s stock valued at $18,503,000 after acquiring an additional 21,040 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Relx by 50.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock worth $89,420,000 after acquiring an additional 658,655 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of Relx by 218.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after purchasing an additional 662 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Relx Stock Down 6.3 %

Shares of NYSE RELX opened at $48.21 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99. The firm’s 50-day moving average price is $49.62 and its 200-day moving average price is $47.91. The stock has a market capitalization of $89.48 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.73 and a beta of 0.84.

Relx Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s dividend 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.