Addison Advisors LLC Raises Stock Position in Relx Plc (NYSE:RELX)

Addison Advisors LLC boosted its position in shares of Relx Plc (NYSE:RELX) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,438 shares of the technology company’s stock after acquiring an additional 277 shares during the period. Addison Advisors LLC’s holdings in Relx were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on RELX. StockNews.com lowered shares of 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 research note on Friday, March 1st.

Relx Stock Performance

NYSE RELX traded up $0.49 on Friday, hitting $41.61. 873,395 shares of the company’s stock traded hands, compared to its average volume of 1,472,844. The firm’s 50-day moving average price is $42.85 and its two-hundred day moving average price is $40.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 1-year low of $30.10 and a 1-year high of $44.75.

Relx Increases Dividend

The firm 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.