SG Americas Securities LLC Decreases Stake in Relx Plc $RELX

Key Points

• SG Americas Securities LLC cut its stake in Relx by 84.0% in Q4, selling 51,047 shares and leaving 9,688 shares worth $392,000.
• Analyst sentiment is mixed but mildly positive: MarketBeat shows an average rating of Moderate Buy (one Strong Buy, four Buy, two Hold), with recent moves including Citigroup upgrading to Buy and firms like Zacks and Wall Street Zen downgrading to Hold.
• Relx announced a $0.6559 dividend (ex-dividend date May 8, payment June 24), which the article reports as implying a 422.0% dividend yield.

SG Americas Securities LLC lowered its stake in Relx Plc (NYSE:RELX - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,688 shares of the technology company's stock after selling 51,047 shares during the period. SG Americas Securities LLC's holdings in Relx were worth $392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. purchased a new position in shares of Relx in the third quarter worth $20,570,000. American Century Companies Inc. raised its holdings in shares of Relx by 15.5% in the third quarter. American Century Companies Inc. now owns 533,992 shares of the technology company's stock worth $25,504,000 after buying an additional 71,515 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Relx by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company's stock worth $164,575,000 after buying an additional 252,390 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Relx by 6.1% in the third quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company's stock worth $80,884,000 after buying an additional 96,831 shares during the last quarter. Finally, ABC Arbitrage SA raised its holdings in shares of Relx by 13.7% in the third quarter. ABC Arbitrage SA now owns 637,699 shares of the technology company's stock worth $30,457,000 after buying an additional 76,741 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.

Analysts Set New Price Targets

RELX has been the subject of a number of research analyst reports. Citigroup raised shares of Relx from a "neutral" rating to a "buy" rating in a report on Wednesday, April 8th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Relx from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Zacks Research lowered shares of Relx from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Relx in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Relx has an average rating of "Moderate Buy".

Relx Trading Up 2.9%

RELX stock opened at $34.27 on Tuesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The firm's fifty day moving average is $32.66 and its 200 day moving average is $38.83. Relx Plc has a one year low of $27.57 and a one year high of $56.33.

Relx (NYSE:RELX - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $42.81 EPS for the quarter, beating the consensus estimate of $0.85 by $41.96. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. On average, sell-side analysts forecast that Relx Plc will post 1.68 EPS for the current fiscal year.

Relx Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be given a $0.6559 dividend. The ex-dividend date is Friday, May 8th. This represents a dividend yield of 422.0%.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX's offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.

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