124,920 Shares in Relx Plc $RELX Acquired by Narwhal Capital Management

Narwhal Capital Management acquired a new position in shares of Relx Plc (NYSE:RELX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 124,920 shares of the technology company's stock, valued at approximately $6,788,000.

Several other large investors have also recently modified their holdings of RELX. Larson Financial Group LLC increased its stake in Relx by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Relx in the 1st quarter valued at $28,000. Golden State Wealth Management LLC boosted its holdings in shares of Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after acquiring an additional 530 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Relx in the 2nd quarter valued at $64,000. Institutional investors own 15.02% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on RELX. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Relx in a report on Wednesday. Barclays reaffirmed an "overweight" rating on shares of Relx in a report on Tuesday. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a report on Thursday, September 11th. Kepler Capital Markets raised shares of Relx from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Finally, Wall Street Zen downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Relx presently has an average rating of "Buy".

Relx Stock Performance

NYSE:RELX opened at $45.84 on Thursday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The company has a fifty day moving average of $47.49 and a two-hundred day moving average of $50.87. The stock has a market capitalization of $84.01 billion, a PE ratio of 24.65, a P/E/G ratio of 2.96 and a beta of 0.87. Relx Plc has a fifty-two week low of $44.19 and a fifty-two week high of $56.33.

Relx Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 8th were given a dividend of $0.2634 per share. This represents a yield of 170.0%. The ex-dividend date was Friday, August 8th. Relx's dividend payout ratio (DPR) is presently 28.49%.

Relx Company Profile

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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