Relx (NYSE:RELX) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Relx (NYSE:RELX - Free Report) from an equal weight rating to an overweight rating in a research report report published on Friday morning, MarketBeat reports.

Other analysts also recently issued reports about the stock. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Redburn Atlantic started coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a "buy" rating on the stock.

Relx Price Performance

Shares of NYSE RELX traded down $0.63 during midday trading on Friday, reaching $48.97. The company's stock had a trading volume of 485,902 shares, compared to its average volume of 730,208. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average price of $48.94 and a 200 day moving average price of $47.62. Relx has a one year low of $40.25 and a one year high of $51.99. The company has a market cap of $90.88 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90.

Remove Ads

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be given a $0.5586 dividend. This is an increase from Relx's previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. Relx's dividend payout ratio (DPR) is 59.68%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Relx by 12.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 46,476 shares of the technology company's stock worth $2,111,000 after acquiring an additional 5,081 shares in the last quarter. Brucke Financial Inc. purchased a new position in Relx during the fourth quarter valued at approximately $674,000. B. Riley Wealth Advisors Inc. grew its position in Relx by 20.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,761 shares of the technology company's stock valued at $262,000 after purchasing an additional 974 shares in the last quarter. Ascent Group LLC grew its position in Relx by 2.0% during the fourth quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock valued at $637,000 after purchasing an additional 277 shares in the last quarter. Finally, Forum Financial Management LP grew its position in Relx by 37.3% during the fourth quarter. Forum Financial Management LP now owns 8,356 shares of the technology company's stock valued at $380,000 after purchasing an additional 2,268 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

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.