RELX (NYSE:RELX) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Relx Plc shares experienced a significant increase in trading volume, with 2,098,719 shares traded, marking a 158% rise compared to the previous session.
• Analysts have upgraded Relx's rating to "buy," with a consensus rating of "buy" based on recent reports from multiple research firms.
• The company announced a semi-annual dividend of $0.2634 per share, representing a 170% yield, with a payout ratio currently at 65.05%.

RELX PLC (NYSE:RELX - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,098,719 shares were traded during trading, an increase of 158% from the previous session's volume of 814,608 shares.The stock last traded at $48.82 and had previously closed at $50.59.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RELX shares. Morgan Stanley restated an "overweight" rating on shares of RELX in a report on Wednesday, April 16th. Wall Street Zen upgraded RELX from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

RELX Trading Down 2.7%

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 firm has a fifty day simple moving average of $52.80 and a two-hundred day simple moving average of $51.62. The firm has a market cap of $88.05 billion, a PE ratio of 25.81, a PEG ratio of 3.13 and a beta of 0.88.

RELX Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be given a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 170.0%. RELX's dividend payout ratio is currently 28.49%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RELX. Larson Financial Group LLC raised its position 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 in the last quarter. WPG Advisers LLC bought a new position in shares of RELX in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC raised its position in shares of RELX by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares in the last quarter. NewSquare Capital LLC raised its position in shares of RELX by 522.0% in the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company's stock worth $31,000 after acquiring an additional 475 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of RELX by 99.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company's stock worth $33,000 after acquiring an additional 303 shares in the last quarter. Institutional investors own 15.02% of the company's stock.

RELX Company 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.