DRW Securities LLC Has $211,000 Stock Position in Relx Plc (NYSE:RELX)

DRW Securities LLC increased its position in shares of Relx Plc (NYSE:RELX) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,652 shares of the technology company’s stock after acquiring an additional 259 shares during the quarter. DRW Securities LLC’s holdings in Relx were worth $211,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RELX. Abacus FCF Advisors LLC acquired a new stake in Relx during the 4th quarter worth about $2,329,000. Bank of Montreal Can lifted its position in shares of Relx by 290.3% in the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock worth $40,277,000 after purchasing an additional 659,547 shares in the last quarter. Certior Financial Group LLC acquired a new stake in shares of Relx during the fourth quarter worth approximately $390,000. Cerity Partners LLC grew its position in Relx by 0.5% during the fourth quarter. Cerity Partners LLC now owns 108,074 shares of the technology company’s stock valued at $4,989,000 after purchasing an additional 510 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Relx by 3.5% in the 4th quarter. Quadrant Capital Group LLC now owns 23,021 shares of the technology company’s stock valued at $1,046,000 after buying an additional 773 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of NYSE:RELX opened at $49.06 on Friday. The firm has a market capitalization of $91.05 billion, a PE ratio of 26.37, a PEG ratio of 2.73 and a beta of 0.84. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. Relx Plc has a 1-year low of $40.25 and a 1-year high of $51.99. The business’s 50 day moving average is $49.29 and its 200-day moving average is $47.87.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. Relx’s payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

RELX has been the topic of several research analyst reports. Redburn Atlantic initiated coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group initiated coverage on Relx in a research note on Wednesday, March 26th. They set a “buy” rating for the company. Finally, Barclays raised Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Relx 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.