LPL Financial LLC Acquires 21,977 Shares of Relx Plc (NYSE:RELX)

Key Points

• LPL Financial LLC increased its holdings in RELX PLC by 9.5%, owning 252,566 shares worth approximately $12.73 million after purchasing additional shares in the first quarter.
• The company announced a semi-annual dividend of $0.2634, representing a dividend yield of 170.0%, with the ex-dividend date on August 8th.
• RELX has received a consensus rating of "Buy" from analysts, with upgrades and reiterations of "overweight" ratings from firms like Morgan Stanley.

LPL Financial LLC raised its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,566 shares of the technology company's stock after buying an additional 21,977 shares during the period. LPL Financial LLC's holdings in Relx were worth $12,732,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after buying an additional 441 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Relx by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after buying an additional 294 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Relx by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after buying an additional 530 shares during the period. Transce3nd LLC purchased a new position in shares of Relx during the fourth quarter valued at approximately $40,000. Finally, Redwood Investments LLC purchased a new position in shares of Relx during the fourth quarter valued at approximately $120,000. Hedge funds and other institutional investors own 15.02% of the company's stock.

Wall Street Analyst Weigh In

RELX has been the subject of several research analyst reports. 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 reaffirmed an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Relx Trading Down 0.7%

Shares of Relx stock traded down $0.33 on Tuesday, hitting $47.71. 581,452 shares of the company traded hands, compared to its average volume of 834,101. The stock's 50 day moving average price is $52.67 and its 200-day moving average price is $51.61. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx Plc has a 52 week low of $44.19 and a 52 week high of $56.33. The company has a market cap of $87.52 billion, a PE ratio of 25.66, a PEG ratio of 3.13 and a beta of 0.88.

Relx Cuts Dividend

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