Truist Financial Corp Sells 2,001 Shares of Relx Plc (NYSE:RELX)

Truist Financial Corp reduced its holdings in Relx Plc (NYSE:RELX) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,332 shares of the technology company’s stock after selling 2,001 shares during the period. Truist Financial Corp’s holdings in Relx were worth $2,194,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Milestone Investment Advisors LLC acquired a new stake in shares of Relx in the 3rd quarter valued at $34,000. Parkside Financial Bank & Trust boosted its position in Relx by 81.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock valued at $36,000 after buying an additional 407 shares in the last quarter. NBC Securities Inc. bought a new stake in Relx during the third quarter worth about $38,000. FSC Wealth Advisors LLC bought a new position in shares of Relx in the fourth quarter valued at approximately $42,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Relx in the 4th quarter worth approximately $48,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Up 1.0 %

Shares of RELX opened at $43.38 on Friday. Relx Plc has a 52 week low of $30.10 and a 52 week high of $44.75. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average price is $42.53 and its two-hundred day moving average price is $40.51.

Relx Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be given 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 is Thursday, May 2nd.

Analyst Ratings Changes

RELX has been the subject of a number of recent analyst reports. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Berenberg Bank cut Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

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.