HB Wealth Management LLC Acquires 10,913 Shares of Relx Plc (NYSE:RELX)

HB Wealth Management LLC grew its position in shares of Relx Plc (NYSE:RELX - Free Report) by 124.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,671 shares of the technology company's stock after acquiring an additional 10,913 shares during the period. HB Wealth Management LLC's holdings in Relx were worth $992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RELX. Ameriprise Financial Inc. raised its stake in shares of Relx by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock valued at $127,437,000 after acquiring an additional 2,208,119 shares during the last quarter. Northern Trust Corp raised its stake in shares of Relx by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock valued at $99,542,000 after acquiring an additional 745,532 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Relx by 6,125.5% during the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock valued at $34,232,000 after acquiring an additional 668,165 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Relx by 290.3% during the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company's stock valued at $40,277,000 after acquiring an additional 659,547 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Relx by 50.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company's stock valued at $89,420,000 after acquiring an additional 658,655 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RELX shares. Wall Street Zen raised shares of Relx from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Morgan Stanley reissued an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Relx Trading Down 0.6%

RELX stock traded down $0.30 during trading on Friday, reaching $51.59. The company had a trading volume of 1,259,196 shares, compared to its average volume of 1,028,497. Relx Plc has a 52 week low of $43.45 and a 52 week high of $56.33. The company has a market cap of $94.76 billion, a P/E ratio of 27.74, a PEG ratio of 3.38 and a beta of 0.88. The business has a 50 day moving average of $53.31 and a 200 day moving average of $51.53. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.2634 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 170.0%. Relx's dividend payout ratio (DPR) is currently 65.05%.

Relx 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.