US Bancorp DE Sells 5,172 Shares of Relx Plc (NYSE:RELX)

US Bancorp DE trimmed its stake in shares of Relx Plc (NYSE:RELX) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,010 shares of the technology company’s stock after selling 5,172 shares during the quarter. US Bancorp DE’s holdings in Relx were worth $11,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after purchasing an additional 104,999 shares during the period. CWA Asset Management Group LLC acquired a new stake in Relx during the third quarter worth approximately $548,000. Paradigm Asset Management Co. LLC grew its stake in Relx by 17.1% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock worth $3,706,000 after purchasing an additional 11,900 shares during the period. Merit Financial Group LLC acquired a new stake in Relx during the fourth quarter worth approximately $301,000. Finally, International Assets Investment Management LLC acquired a new stake in Relx during the third quarter worth approximately $1,268,000. 15.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RELX shares. Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Tuesday.

Relx Trading Up 0.3 %

Shares of Relx stock opened at $48.50 on Tuesday. 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 Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The stock has a 50 day moving average price of $48.42 and a two-hundred day moving average price of $47.49. The stock has a market capitalization of $90.14 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, May 9th. This is a boost from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio (DPR) is 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.