Natixis Advisors L.P. Cuts Stake in Relx Plc (NYSE:RELX)

Natixis Advisors L.P. decreased its holdings in Relx Plc (NYSE:RELX) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,205,815 shares of the technology company’s stock after selling 795 shares during the period. Natixis Advisors L.P. owned approximately 0.06% of Relx worth $47,822,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Relx during the 4th quarter valued at $16,120,000. Invesco Ltd. raised its holdings in Relx by 11.2% in the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after purchasing an additional 131,711 shares in the last quarter. Atria Investments Inc raised its holdings in Relx by 10.7% in the 3rd quarter. Atria Investments Inc now owns 58,440 shares of the technology company’s stock worth $1,969,000 after purchasing an additional 5,635 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Relx in the 3rd quarter worth $1,560,000. Finally, Royal Bank of Canada raised its holdings in Relx by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock worth $53,070,000 after purchasing an additional 43,644 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RELX. Berenberg Bank lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

Relx Price Performance

NYSE RELX traded up $0.95 during trading hours on Friday, hitting $42.16. The company’s stock had a trading volume of 974,422 shares, compared to its average volume of 1,206,970. The company’s 50 day simple moving average is $42.67 and its two-hundred day simple moving average is $40.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 12 month low of $30.10 and a 12 month high of $44.75.

Relx Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be issued a $0.526 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.7%. This is a boost from Relx’s previous Semi-Annual dividend of $0.22.

Relx Company Profile

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.