Heritage Wealth Management LLC Takes $949,000 Position in Relx Plc (NYSE:RELX)

Heritage Wealth Management LLC acquired a new stake in shares of Relx Plc (NYSE:RELX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,916 shares of the technology company’s stock, valued at approximately $949,000.

A number of other large investors also recently bought and sold shares of RELX. Milestone Investment Advisors LLC bought a new stake in shares of Relx in the 3rd quarter valued at about $34,000. Parkside Financial Bank & Trust grew its stake in shares of Relx by 81.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after acquiring an additional 407 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Relx during the third quarter valued at about $38,000. FSC Wealth Advisors LLC purchased a new position in shares of Relx in the 4th quarter valued at approximately $42,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Relx in the 4th quarter valued at approximately $48,000. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RELX. Berenberg Bank lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

Relx Price Performance

RELX traded up $0.28 during trading on Thursday, reaching $40.98. 436,307 shares of the company’s stock were exchanged, compared to its average volume of 1,097,757. Relx Plc has a 1 year low of $30.10 and a 1 year high of $44.75. The company’s fifty day simple moving average is $42.73 and its 200-day simple moving average is $40.23. The company has a debt-to-equity ratio of 1.51, 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 Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be issued a $0.526 dividend. This represents a yield of 1.7%. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 2nd.

About Relx

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.