HB Wealth Management LLC Has $992,000 Stock Position in RELX PLC (NYSE:RELX)

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

Other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its holdings in shares of RELX by 1.5% in the 1st quarter. Bleakley Financial Group LLC now owns 14,147 shares of the technology company's stock valued at $713,000 after purchasing an additional 207 shares during the period. Bridgewater Advisors Inc. increased its holdings in shares of RELX by 2.1% in the first quarter. Bridgewater Advisors Inc. now owns 11,463 shares of the technology company's stock valued at $617,000 after purchasing an additional 238 shares during the last quarter. DRW Securities LLC increased its holdings in shares of RELX by 5.9% in the fourth quarter. DRW Securities LLC now owns 4,652 shares of the technology company's stock valued at $211,000 after purchasing an additional 259 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of RELX by 3.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company's stock valued at $371,000 after purchasing an additional 267 shares during the period. Finally, Ascent Group LLC lifted its stake in shares of RELX by 2.0% during the 4th quarter. Ascent Group LLC now owns 14,024 shares of the technology company's stock worth $637,000 after buying an additional 277 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

RELX Price Performance

NYSE:RELX traded down $0.16 during trading hours on Wednesday, reaching $51.76. 1,226,551 shares of the company were exchanged, compared to its average volume of 990,247. The business has a 50 day moving average of $53.51 and a 200 day moving average of $51.45. RELX PLC has a 1-year low of $43.45 and a 1-year high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The company has a market capitalization of $95.07 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.39 and a beta of 0.83.

RELX Cuts Dividend

The company also recently disclosed 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 yield of 1.7%. RELX's payout ratio is 65.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RELX shares. Wall Street Zen upgraded RELX from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley restated an "overweight" rating on shares of RELX in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

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.