Modern Wealth Management LLC Acquires New Position in RELX PLC $RELX

Key Points

• Modern Wealth Management LLC acquired a new position in RELX PLC, purchasing 5,511 shares valued at approximately $278,000 in the first quarter.
• RELX recently announced a semi-annual dividend of $0.2634 per share, scheduled for payment on September 16th, with an ex-dividend date of August 8th.
• The company's stock has seen a 0.8% increase recently, opening at $46.85, while analysts have varied opinions, with Morgan Stanley maintaining an "overweight" rating and Wall Street Zen downgrading to "hold."

Modern Wealth Management LLC purchased a new stake in shares of RELX PLC (NYSE:RELX - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,511 shares of the technology company's stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of RELX by 1.2% during the 1st quarter. Rhumbline Advisers now owns 34,906 shares of the technology company's stock valued at $1,760,000 after acquiring an additional 411 shares during the period. Advisors Capital Management LLC lifted its position in shares of RELX by 1.3% during the 1st quarter. Advisors Capital Management LLC now owns 146,691 shares of the technology company's stock valued at $7,395,000 after acquiring an additional 1,867 shares during the period. Acadian Asset Management LLC lifted its position in shares of RELX by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company's stock valued at $720,000 after acquiring an additional 5,374 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of RELX by 52.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,732 shares of the technology company's stock valued at $188,000 after acquiring an additional 1,277 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of RELX during the 1st quarter valued at approximately $459,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

RELX Stock Up 0.8%

RELX stock opened at $46.85 on Tuesday. The stock has a market capitalization of $85.86 billion, a P/E ratio of 25.19, a PEG ratio of 3.03 and a beta of 0.87. 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 one year low of $44.19 and a one year high of $56.33. The company has a 50 day moving average price of $49.67 and a two-hundred day moving average price of $51.13.

RELX Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be issued a dividend of $0.2634 per share. The ex-dividend date is Friday, August 8th. This represents a dividend yield of 170.0%. RELX's payout ratio is presently 28.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of RELX in a research report on Thursday. Wall Street Zen downgraded shares of RELX from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock 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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