Goodman Advisory Group LLC increased its position in Relx Plc (NYSE:RELX - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,286 shares of the technology company's stock after acquiring an additional 5,074 shares during the period. Goodman Advisory Group LLC's holdings in Relx were worth $2,284,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Relx during the 3rd quarter valued at $223,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Relx in the third quarter valued at about $125,000. Peapack Gladstone Financial Corp boosted its stake in shares of Relx by 5.7% in the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company's stock worth $234,000 after acquiring an additional 267 shares during the period. Franklin Resources Inc. raised its stake in Relx by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company's stock valued at $873,000 after purchasing an additional 588 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company's stock worth $39,225,000 after purchasing an additional 104,999 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on RELX. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group began coverage on Relx in a report on Wednesday, March 26th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy".
View Our Latest Stock Report on Relx
Relx Stock Up 2.0 %
RELX stock traded up $1.03 during trading on Tuesday, reaching $53.10. 1,299,838 shares of the company traded hands, compared to its average volume of 718,839. The company has a market capitalization of $98.28 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The business has a 50 day simple moving average of $49.39 and a 200 day simple moving average of $48.06. Relx Plc has a 12 month low of $40.25 and a 12 month high of $53.83.
Relx Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. This is a positive change from Relx's previous semi-annual dividend of $0.23. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. Relx's dividend payout ratio is currently 59.68%.
About Relx
(
Free Report)
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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