StockNews.com upgraded shares of Relx (NYSE:RELX - Free Report) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
Separately, Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They set a "buy" rating on the stock.
Check Out Our Latest Analysis on RELX
Relx Price Performance
Shares of RELX traded down $0.20 during trading hours on Friday, reaching $50.87. The stock had a trading volume of 432,577 shares, compared to its average volume of 570,699. Relx has a 12 month low of $40.25 and a 12 month high of $51.99. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.63. The company's 50-day moving average is $47.89 and its two-hundred day moving average is $47.19.
Relx Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a $0.5586 dividend. This is a boost from Relx's previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in RELX. CENTRAL TRUST Co lifted its holdings in shares of Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Relx during the fourth quarter valued at about $31,000. Transce3nd LLC acquired a new position in shares of Relx during the fourth quarter valued at about $40,000. Sierra Ocean LLC acquired a new stake in shares of Relx in the 4th quarter worth about $43,000. Finally, Brown Brothers Harriman & Co. lifted its position in Relx by 218.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after acquiring an additional 662 shares in the last quarter. 15.02% of the stock is owned by institutional investors.
Relx Company Profile
(
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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.
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