Relx (NYSE:RELX) Reaches New 12-Month High - Time to Buy?

Relx Plc (NYSE:RELX - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $55.21 and last traded at $55.21, with a volume of 166373 shares changing hands. The stock had previously closed at $55.02.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RELX. Morgan Stanley restated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a "buy" rating for the company. Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. Finally, Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Relx Trading Up 0.0 %

The stock has a 50-day simple moving average of $49.97 and a two-hundred day simple moving average of $48.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The firm has a market cap of $101.88 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. This is a boost from Relx's previous semi-annual dividend of $0.23. Relx's dividend payout ratio (DPR) is currently 59.68%.

Institutional Investors Weigh In On Relx

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company's stock valued at $39,225,000 after purchasing an additional 104,999 shares in the last quarter. LGT Group Foundation purchased a new position in Relx during the 4th quarter valued at approximately $257,000. Paradigm Asset Management Co. LLC increased its stake in Relx by 17.1% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company's stock worth $3,706,000 after acquiring an additional 11,900 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Relx by 120.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock valued at $548,000 after acquiring an additional 6,588 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Relx in the fourth quarter valued at $301,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

About Relx

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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