William Blair Investment Management LLC trimmed its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 23.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,461 shares of the technology company's stock after selling 10,739 shares during the period. William Blair Investment Management LLC's holdings in Relx were worth $1,927,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. ABC Arbitrage SA grew its holdings in shares of Relx by 40.1% in the 1st quarter. ABC Arbitrage SA now owns 194,197 shares of the technology company's stock worth $9,789,000 after acquiring an additional 55,579 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Relx by 16.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 167,175 shares of the technology company's stock worth $8,427,000 after acquiring an additional 23,692 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Relx by 4.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company's stock worth $205,287,000 after acquiring an additional 173,976 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of Relx in the 1st quarter worth approximately $757,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of Relx in the 1st quarter worth approximately $278,000. 15.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RELX has been the topic of a number of research reports. Wall Street Zen cut Relx from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Barclays reiterated an "overweight" rating on shares of Relx in a report on Tuesday, October 7th. Kepler Capital Markets upgraded Relx from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Relx in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy".
Get Our Latest Analysis on RELX
Relx Trading Up 1.9%
Shares of Relx stock opened at $46.09 on Tuesday. Relx Plc has a fifty-two week low of $44.19 and a fifty-two week high of $56.33. The firm has a market cap of $84.22 billion, a PE ratio of 24.78, a P/E/G ratio of 2.97 and a beta of 0.87. The business's fifty day moving average is $46.73 and its two-hundred day moving average is $50.61. 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 declared a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were paid a dividend of $0.2634 per share. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Friday, August 8th. Relx's dividend payout ratio is currently 28.49%.
About Relx
(
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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