SCS Capital Management LLC Buys Shares of 54,125 Relx Plc $RELX

Key Points

• SCS Capital Management LLC purchased 54,125 shares of Relx Plc, valued at approximately $2.73 million, during the 1st quarter of the year.
• Relx recently cut its rating from "buy" to "hold" but maintains a consensus rating of "buy" based on one Strong Buy and four Buy ratings from analysts.
• The company announced a semi-annual dividend of $0.2634 per share, with an ex-dividend date of August 8th, representing a yield of 170.0% and a payout ratio of 28.49%.

SCS Capital Management LLC bought a new stake in Relx Plc (NYSE:RELX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,125 shares of the technology company's stock, valued at approximately $2,728,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after acquiring an additional 441 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Relx during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its position in shares of Relx by 100.0% during the 1st 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 boosted its position in shares of Relx by 325.2% during the 1st 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. Finally, Redwood Investments LLC purchased a new position in shares of Relx during the 4th quarter worth approximately $120,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 given a Buy rating to the company. According to data from MarketBeat, Relx presently has a consensus rating of "Buy".

Relx Price Performance

Shares of RELX opened at $47.26 on Wednesday. Relx Plc has a fifty-two week low of $44.19 and a fifty-two week high of $56.33. The firm's 50 day moving average price is $50.21 and its 200 day moving average price is $51.17. The company has a market cap of $86.70 billion, a P/E ratio of 25.41, a PEG ratio of 3.09 and a beta of 0.87. 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 announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be paid a dividend of $0.2634 per share. This represents a yield of 170.0%. The ex-dividend date of this dividend is Friday, August 8th. Relx's dividend payout ratio is presently 28.49%.

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.

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