Dorsey & Whitney Trust CO LLC Cuts Position in Relx Plc (NYSE:RELX)

Dorsey & Whitney Trust CO LLC decreased its holdings in Relx Plc (NYSE:RELX) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,283 shares of the technology company’s stock after selling 853 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Relx were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RELX. Raymond James Financial Inc. acquired a new stake in shares of Relx in the 4th quarter worth $44,516,000. FMR LLC lifted its position in Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after acquiring an additional 548,423 shares during the period. Bank of Montreal Can lifted its position in Relx by 194.9% during the 3rd quarter. Bank of Montreal Can now owns 227,211 shares of the technology company’s stock worth $10,806,000 after acquiring an additional 150,163 shares during the period. ABC Arbitrage SA acquired a new position in shares of Relx in the 4th quarter valued at about $6,296,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Relx in the 3rd quarter valued at about $6,366,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on RELX shares. Redburn Atlantic began 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 report on Tuesday, March 4th.

Relx Stock Performance

Shares of RELX stock opened at $48.08 on Monday. The stock’s 50-day moving average is $48.62 and its two-hundred day moving average is $47.55. The firm has a market cap of $89.36 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.73 and a beta of 0.90. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. 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 Increases Dividend

The firm 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 dividend of $0.5586 per share. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

About Relx

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.