Keel Point LLC Takes Position in Relx Plc (NYSE:RELX)

Keel Point LLC purchased a new position in Relx Plc (NYSE:RELX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,343 shares of the technology company’s stock, valued at approximately $252,000.

Other institutional investors also recently added to or reduced their stakes in the company. Outlook Wealth Advisors LLC bought a new position in Relx during the fourth quarter valued at $230,000. Triasima Portfolio Management inc. purchased a new position in shares of Relx during the 4th quarter valued at $1,684,000. NewEdge Wealth LLC grew its stake in shares of Relx by 62.7% during the 4th quarter. NewEdge Wealth LLC now owns 104,453 shares of the technology company’s stock worth $4,143,000 after acquiring an additional 40,235 shares during the period. Clarius Group LLC increased its holdings in Relx by 9.1% in the 4th quarter. Clarius Group LLC now owns 13,835 shares of the technology company’s stock worth $549,000 after acquiring an additional 1,149 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in Relx in the 4th quarter worth about $201,000. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of research reports. Berenberg Bank lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday.

Relx Trading Down 0.9 %

RELX stock opened at $41.28 on Wednesday. The stock has a 50-day simple moving average of $42.92 and a two-hundred day simple moving average of $39.76. Relx Plc has a twelve month low of $30.10 and a twelve month high of $44.75. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Relx Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be paid a dividend of $0.526 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.7%. This is a boost from Relx’s previous Semi-Annual dividend of $0.22.

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.