LPL Financial LLC Has $12.73 Million Holdings in 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 increased its position in shares of RELX PLC (NYSE:RELX - Free Report) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,566 shares of the technology company's stock after purchasing 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 recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings 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 worth $26,000 after purchasing an additional 441 shares during the last quarter. Golden State Wealth Management LLC raised 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 worth $30,000 after purchasing an additional 294 shares during the period. Cornerstone Planning Group LLC raised 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 worth $37,000 after purchasing an additional 530 shares during the period. Transce3nd LLC bought a new position in shares of RELX during the fourth quarter worth about $40,000. Finally, Redwood Investments LLC bought a new position in shares of RELX during the fourth quarter worth about $120,000. 15.02% of the stock is currently owned by institutional investors.

RELX Stock Up 1.1%

Shares of NYSE:RELX opened at $49.33 on Friday. The business's 50 day simple moving average is $53.01 and its two-hundred day simple moving average is $51.59. The firm has a market cap of $90.60 billion, a P/E ratio of 26.52, a PEG ratio of 3.18 and a beta of 0.88. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. RELX PLC has a 52-week low of $44.19 and a 52-week high of $56.33.

RELX Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen upgraded RELX from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Morgan Stanley reiterated 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. According to MarketBeat.com, the company 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.

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