Schechter Investment Advisors LLC Sells 735 Shares of Relx Plc (NYSE:RELX)

Schechter Investment Advisors LLC trimmed its holdings in Relx Plc (NYSE:RELX) by 2.0% in the 4th quarter, Holdings Channel reports. The fund owned 36,480 shares of the technology company’s stock after selling 735 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Relx were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after buying an additional 104,999 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Relx in the 3rd quarter worth approximately $548,000. Paradigm Asset Management Co. LLC grew its holdings in shares of Relx by 17.1% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock worth $3,706,000 after purchasing an additional 11,900 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Relx during the fourth quarter valued at approximately $301,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Relx in the third quarter valued at $1,268,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Up 0.3 %

RELX opened at $48.50 on Tuesday. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The firm has a market cap of $90.14 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.73 and a beta of 0.90. The firm’s 50-day simple moving average is $48.42 and its 200-day simple moving average is $47.49. 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 declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RELX shares. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday. Redburn Atlantic initiated coverage on Relx in a report on Wednesday, January 8th. They set a “buy” rating on the stock.

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.