Tower Research Capital LLC TRC Grows Stock Position in Relx Plc (NYSE:RELX)

Tower Research Capital LLC TRC increased its holdings in Relx Plc (NYSE:RELX) by 700.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,305 shares of the technology company’s stock after purchasing an additional 1,142 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Relx were worth $52,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Relx in the 4th quarter valued at about $16,120,000. Invesco Ltd. increased its stake in shares of Relx by 11.2% during the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock valued at $44,011,000 after acquiring an additional 131,711 shares during the last quarter. Atria Investments Inc increased its stake in shares of Relx by 10.7% during the 3rd quarter. Atria Investments Inc now owns 58,440 shares of the technology company’s stock valued at $1,969,000 after acquiring an additional 5,635 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Relx during the 3rd quarter valued at about $1,560,000. Finally, Royal Bank of Canada increased its stake in shares of Relx by 2.9% during the 3rd quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock valued at $53,070,000 after acquiring an additional 43,644 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RELX. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Berenberg Bank downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Relx Trading Down 0.9 %

RELX traded down $0.36 on Tuesday, reaching $41.19. 866,925 shares of the company’s stock were exchanged, compared to its average volume of 1,109,694. The company’s 50 day moving average is $42.78 and its 200-day moving average is $40.23. The company has a market cap of $77.42 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.70 and a beta of 0.83. Relx Plc has a twelve month low of $30.10 and a twelve month high of $44.75. 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 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. This represents a yield of 1.7%. 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. Relx’s dividend payout ratio is 12.57%.

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.