Relx Plc (NYSE:RELX) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in Relx Plc (NYSE:RELX) by 39.2% during the fourth quarter, HoldingsChannel reports. The firm owned 248,872 shares of the technology company’s stock after selling 160,124 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Relx were worth $11,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RELX. Virtu Financial LLC acquired a new stake in shares of Relx in the 3rd quarter valued at approximately $223,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Relx in the third quarter valued at about $125,000. Peapack Gladstone Financial Corp boosted its holdings in Relx by 5.7% during the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock worth $234,000 after buying an additional 267 shares in the last quarter. Franklin Resources Inc. grew its position in Relx by 3.3% during the third quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock worth $873,000 after buying an additional 588 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Relx by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after buying an additional 104,999 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RELX shares. The Goldman Sachs Group initiated coverage on Relx in a research note on Wednesday, March 26th. They issued a “buy” rating for the company. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Finally, StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Relx has a consensus rating of “Buy”.

Relx Price Performance

Relx stock opened at $51.51 on Wednesday. The firm’s 50-day moving average is $49.30 and its two-hundred day moving average is $47.91. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The stock has a market capitalization of $95.33 billion, a P/E ratio of 27.69, a P/E/G ratio of 2.73 and a beta of 0.84. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99.

Relx Increases Dividend

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

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.