Relx (NYSE:RELX) Stock Rating Lowered by Wall Street Zen

Key Points

• RELX's stock has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a shift in analysts' outlook.
• Shares of RELX opened at $47.04, with a 52-week range between $44.19 and $56.33.
• Several institutional investors significantly increased their positions in RELX, with Larson Financial Group LLC raising its stake by 612.5% in the first quarter.

Wall Street Zen downgraded shares of Relx (NYSE:RELX - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday.

Relx Price Performance

RELX traded down $2.09 during trading on Friday, reaching $45.11. The stock had a trading volume of 1,566,075 shares, compared to its average volume of 925,637. The stock has a market cap of $82.74 billion, a PE ratio of 24.24, a PEG ratio of 3.09 and a beta of 0.87. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. Relx has a one year low of $44.19 and a one year high of $56.33. The business has a 50-day moving average of $50.21 and a 200-day moving average of $51.17.

Relx Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be given a dividend of $0.2634 per share. This represents a yield of 170.0%. The ex-dividend date is Friday, August 8th. Relx's dividend payout ratio is presently 28.49%.

Institutional Trading of Relx

Several institutional investors have recently added to or reduced their stakes in the business. Reynders McVeigh Capital Management LLC boosted its position in Relx by 1.6% during the second quarter. Reynders McVeigh Capital Management LLC now owns 621,443 shares of the technology company's stock valued at $33,769,000 after buying an additional 9,823 shares during the period. Osaic Holdings Inc. raised its stake in Relx by 82.5% in the second quarter. Osaic Holdings Inc. now owns 41,505 shares of the technology company's stock worth $2,242,000 after buying an additional 18,758 shares in the last quarter. Squarepoint Ops LLC raised its stake in Relx by 492.5% in the second quarter. Squarepoint Ops LLC now owns 31,609 shares of the technology company's stock worth $1,718,000 after buying an additional 26,274 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Relx by 1.0% in the second quarter. Neuberger Berman Group LLC now owns 282,118 shares of the technology company's stock worth $15,289,000 after buying an additional 2,774 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Relx during the second quarter valued at approximately $234,000. 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.