Relx (NYSE:RELX) Sees Large Volume Increase - Here's Why

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 an uptick in trading volume on Wednesday . 2,098,719 shares were traded during mid-day 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 Analyst Weigh In

A number of brokerages have weighed in on RELX. Wall Street Zen upgraded Relx from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Morgan Stanley restated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy".

Relx Stock Performance

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 moving average price of $53.01 and a 200 day moving average price of $51.59. The firm has a market cap of $88.44 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.18 and a beta of 0.88.

Relx Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.2634 per share. This represents a dividend yield of 170.0%. The ex-dividend date is Friday, August 8th. Relx's payout ratio is currently 65.05%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Fiera Capital Corp raised its holdings in shares of Relx by 15.3% during the 2nd quarter. Fiera Capital Corp now owns 12,008 shares of the technology company's stock worth $653,000 after acquiring an additional 1,597 shares during the period. Bailard Inc. increased its position in shares of Relx by 117.0% during the 2nd quarter. Bailard Inc. now owns 25,370 shares of the technology company's stock worth $1,379,000 after purchasing an additional 13,677 shares during the last quarter. ABC Arbitrage SA increased its position in shares of Relx by 188.9% during the 2nd quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company's stock worth $30,482,000 after purchasing an additional 366,761 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Relx by 5.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 50,495 shares of the technology company's stock worth $2,744,000 after purchasing an additional 2,782 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Relx by 407.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,765 shares of the technology company's stock worth $96,000 after purchasing an additional 1,417 shares during the last quarter. Hedge funds and other 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.