Invesco Ltd. Has $38.26 Million Stake in RELX PLC $RELX

Key Points

• Invesco Ltd. reduced its stake in Relx Plc by 13.4%, selling 117,399 shares, leaving them with a total of 759,018 shares valued at approximately $38.26 million.
• Relx recently announced a semi-annual dividend of $0.2634 per share, highlighting a payout ratio of 27.96% and a yield of 170.0%.
• Shares of Relx have received an upgrade from a "hold" to a "buy" rating from Wall Street Zen, with a current consensus rating of "Buy" among analysts.

Invesco Ltd. lessened its stake in shares of RELX PLC (NYSE:RELX - Free Report) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 759,018 shares of the technology company's stock after selling 117,399 shares during the quarter. Invesco Ltd.'s holdings in RELX were worth $38,262,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ABC Arbitrage SA increased its stake in shares of RELX by 40.1% during the first quarter. ABC Arbitrage SA now owns 194,197 shares of the technology company's stock valued at $9,789,000 after acquiring an additional 55,579 shares during the period. Pandora Wealth Inc. bought a new stake in RELX during the first quarter worth approximately $757,000. Massachusetts Financial Services Co. MA boosted its holdings in RELX by 103.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 106,220 shares of the technology company's stock worth $5,355,000 after buying an additional 54,062 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in RELX by 19.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,957 shares of the technology company's stock worth $956,000 after buying an additional 3,092 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in RELX by 9.5% during the first quarter. LPL Financial LLC now owns 252,566 shares of the technology company's stock worth $12,732,000 after buying an additional 21,977 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company's stock.

RELX Price Performance

NYSE:RELX traded up $0.2240 during trading hours on Friday, reaching $48.4140. 1,426,765 shares of the company's stock were exchanged, compared to its average volume of 1,512,799. The company has a market capitalization of $88.81 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 3.16 and a beta of 0.88. RELX PLC has a 12 month low of $44.19 and a 12 month high of $56.33. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The business's 50-day simple moving average is $51.69 and its two-hundred day simple moving average is $51.49.

RELX Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be paid a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 170.0%. RELX's dividend payout ratio (DPR) is currently 28.49%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of RELX from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average 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.