Inspire Investing LLC Invests $2.64 Million in Relx Plc $RELX

Key Points

• Inspire Investing LLC has acquired a new stake in Relx Plc, investing approximately $2.64 million to purchase 48,585 shares during the 2nd quarter.
• Relx has recently cut its dividend, with shareholders receiving $0.2634 per share, representing a dividend yield of 170.0%.
• Shares of Relx are currently trading at $44.80, reflecting a 0.8% decline, with a market capitalization of $81.87 billion.

Inspire Investing LLC acquired a new stake in Relx Plc (NYSE:RELX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,585 shares of the technology company's stock, valued at approximately $2,640,000.

Several other large investors have also bought and sold shares of RELX. Carnegie Investment Counsel acquired a new position in Relx in the first quarter valued at approximately $16,026,000. Ameriprise Financial Inc. lifted its holdings in Relx by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company's stock valued at $154,129,000 after buying an additional 234,094 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Relx by 103.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,360 shares of the technology company's stock valued at $22,400,000 after buying an additional 225,947 shares during the period. Northern Trust Corp lifted its holdings in Relx by 9.2% in the first quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company's stock valued at $120,686,000 after buying an additional 202,509 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Relx by 304.6% in the second quarter. Janney Montgomery Scott LLC now owns 242,649 shares of the technology company's stock valued at $13,186,000 after buying an additional 182,673 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Down 0.8%

Shares of RELX stock opened at $44.80 on Friday. The firm has a fifty day moving average of $47.22 and a 200-day moving average of $50.80. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx Plc has a 12-month low of $44.19 and a 12-month high of $56.33. The company has a market capitalization of $81.87 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.94 and a beta of 0.87.

Relx Cuts Dividend

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

Wall Street Analyst Weigh In

RELX has been the topic of several analyst reports. Kepler Capital Markets upgraded shares of Relx from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a report on Thursday, September 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Relx in a report on Wednesday. Wall Street Zen lowered shares of Relx from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Barclays reiterated an "overweight" rating on shares of Relx in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Relx currently has an average rating of "Buy".

About Relx

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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