Capital Fund Management S.A. Grows Holdings in Relx Plc $RELX

Key Points

• Capital Fund Management S.A. increased its stake in Relx Plc by 129.3% during the 1st quarter, acquiring an additional 26,558 shares to reach a total of 47,103 shares.
• Relx has declared a semi-annual dividend of $0.2634, scheduled for payment on September 16th, with a dividend yield of 170.0%.
• Analysts have upgraded Relx from a "hold" to a "buy" rating, with strong interest shown by institutional investors, who own 15.02% of the company's stock.

Capital Fund Management S.A. raised its position in Relx Plc (NYSE:RELX - Free Report) by 129.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,103 shares of the technology company's stock after acquiring an additional 26,558 shares during the period. Capital Fund Management S.A.'s holdings in Relx were worth $2,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RELX. Ameriprise Financial Inc. lifted its stake in shares of Relx by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock worth $127,437,000 after buying an additional 2,208,119 shares during the period. Northern Trust Corp lifted its stake in shares of Relx by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock worth $99,542,000 after buying an additional 745,532 shares during the period. GAMMA Investing LLC lifted its stake in shares of Relx by 6,125.5% during the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock worth $34,232,000 after buying an additional 668,165 shares during the period. Carnegie Investment Counsel acquired a new stake in shares of Relx during the first quarter worth $16,026,000. Finally, Bank of America Corp DE lifted its stake in shares of Relx by 4.2% during the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company's stock worth $283,714,000 after buying an additional 253,107 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

RELX traded down $0.89 on Thursday, reaching $46.98. The stock had a trading volume of 2,261,685 shares, compared to its average volume of 890,588. Relx Plc has a 12-month low of $44.19 and a 12-month high of $56.33. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The business's 50-day moving average price is $51.40 and its two-hundred day moving average price is $51.43. The company has a market cap of $86.18 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 3.12 and a beta of 0.88.

Relx Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be issued a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 170.0%. Relx's payout ratio is presently 27.96%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Relx from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Relx 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.