JPMorgan Chase & Co. Increases Holdings in Relx Plc $RELX

Key Points

• JPMorgan Chase & Co. raised its stake in Relx by 18.0% in Q3, adding 153,821 shares to hold 1,007,921 shares valued at about $48.14 million.
• Relx missed quarterly expectations, reporting EPS of $0.43 versus $0.85 expected and revenue of $3.19 billion versus $6.70 billion expected.
• The company announced a $0.6559 dividend payable June 24 (ex-dividend May 8), and analysts maintain a consensus rating of Moderate Buy (1 Strong Buy, 4 Buy, 3 Hold).

JPMorgan Chase & Co. grew its stake in Relx Plc (NYSE:RELX - Free Report) by 18.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,007,921 shares of the technology company's stock after acquiring an additional 153,821 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of Relx worth $48,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RELX. Dimensional Fund Advisors LP raised its stake in Relx by 7.9% during the third quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company's stock worth $164,575,000 after purchasing an additional 252,390 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Relx by 1.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company's stock valued at $164,120,000 after buying an additional 46,515 shares during the period. Northern Trust Corp grew its stake in shares of Relx by 3.5% in the 3rd quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company's stock valued at $116,093,000 after buying an additional 81,195 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Relx by 0.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company's stock worth $85,227,000 after buying an additional 14,404 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Relx by 6.1% during the 3rd quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company's stock worth $80,884,000 after buying an additional 96,831 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Down 1.4%

NYSE:RELX opened at $33.34 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The company has a 50 day moving average price of $34.75 and a 200 day moving average price of $40.44. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $56.33.

Relx (NYSE:RELX - Get Free Report) last announced its earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.42). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $6.70 billion. As a group, equities analysts forecast that Relx Plc will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be paid a $0.6559 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a dividend yield of 422.0%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RELX shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Relx in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised Relx from a "hold" rating to a "buy" rating in a research note on Tuesday, December 9th. Wall Street Zen downgraded Relx from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research note on Monday, February 2nd. Finally, Zacks Research cut Relx from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX's offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.

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