Whittier Trust Co. Acquires 11,114 Shares of Relx Plc (NYSE:RELX)

Whittier Trust Co. grew its holdings in Relx Plc (NYSE:RELX) by 44.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,880 shares of the technology company’s stock after buying an additional 11,114 shares during the quarter. Whittier Trust Co.’s holdings in Relx were worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RELX. CENTRAL TRUST Co lifted its holdings in Relx by 1,290.2% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Relx in the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new stake in shares of Relx during the fourth quarter worth $43,000. Private Trust Co. NA lifted its stake in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after acquiring an additional 566 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Relx in the fourth quarter valued at about $74,000. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RELX. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Finally, Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock.

Relx Stock Performance

Shares of Relx stock opened at $49.96 on Friday. The firm has a fifty day moving average of $49.18 and a two-hundred day moving average of $47.69. The stock has a market capitalization of $92.72 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.73 and a beta of 0.90. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52.

Relx Increases Dividend

The firm also recently announced 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. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 1.6%. Relx’s payout ratio is presently 59.68%.

Relx Company Profile

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.