Invesco Ltd. lessened its holdings in Relx Plc (NYSE:RELX - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 759,018 shares of the technology company's stock after selling 117,399 shares during the period. Invesco Ltd.'s holdings in Relx were worth $38,262,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of RELX. Russell Investments Group Ltd. increased its stake in shares of Relx by 38.0% in the 4th quarter. Russell Investments Group Ltd. now owns 18,066 shares of the technology company's stock valued at $821,000 after purchasing an additional 4,976 shares in the last quarter. Mariner LLC boosted its holdings in Relx by 2.4% in the 4th quarter. Mariner LLC now owns 100,826 shares of the technology company's stock worth $4,579,000 after buying an additional 2,401 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Relx by 11.3% in the 4th quarter. Guggenheim Capital LLC now owns 23,222 shares of the technology company's stock worth $1,055,000 after buying an additional 2,350 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Relx by 19.9% in the 4th quarter. NewEdge Advisors LLC now owns 39,900 shares of the technology company's stock worth $1,812,000 after buying an additional 6,616 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in Relx by 7.3% in the 4th quarter. GeoWealth Management LLC now owns 14,602 shares of the technology company's stock worth $663,000 after buying an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Relx from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat.com, Relx currently has an average rating of "Buy".
Get Our Latest Report on RELX
Relx Price Performance
Shares of Relx stock traded up $0.2950 on Friday, hitting $48.4850. 1,040,180 shares of the company were exchanged, compared to its average volume of 870,113. The stock has a market capitalization of $88.94 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.18 and a beta of 0.88. The company has a 50-day moving average price of $51.78 and a 200 day moving average price of $51.49. Relx Plc has a 1-year low of $44.19 and a 1-year 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.
Relx Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be issued a $0.2634 dividend. The ex-dividend date is Friday, August 8th. This represents a yield of 170.0%. Relx's dividend payout ratio is currently 27.96%.
Relx Profile
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Free Report)
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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