Relx Plc (NYSE:RELX - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $47.38, but opened at $48.49. Relx shares last traded at $48.48, with a volume of 143,938 shares traded.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. StockNews.com downgraded Relx from a "buy" rating to a "hold" rating in a research note on Saturday, August 31st. Citigroup raised Relx to a "strong-buy" rating in a research note on Tuesday, September 17th.
Get Our Latest Stock Report on Relx
Relx Stock Performance
The stock's fifty day moving average is $46.66 and its 200-day moving average is $45.03.
Relx Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were given a $0.234 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, August 2nd.
Institutional Investors Weigh In On Relx
Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. raised its stake in shares of Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company's stock valued at $38,000 after purchasing an additional 571 shares during the period. Pinnacle Bancorp Inc. boosted its position in Relx by 90.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company's stock worth $43,000 after acquiring an additional 468 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Relx during the 2nd quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Relx by 144.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company's stock worth $62,000 after purchasing an additional 852 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Relx during the second quarter worth $72,000. Institutional investors and hedge funds own 15.02% of the company's stock.
About Relx
(
Get Free Report)
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.
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