Norden Group LLC Buys 2,230 Shares of Relx Plc $RELX

Norden Group LLC boosted its holdings in shares of Relx Plc (NYSE:RELX) by 23.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 11,915 shares of the technology company’s stock after acquiring an additional 2,230 shares during the period. Norden Group LLC’s holdings in Relx were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in Relx by 4.5% during 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. Ameriprise Financial Inc. grew its holdings in Relx by 8.3% during the 1st quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company’s stock worth $154,129,000 after acquiring an additional 234,094 shares during the period. Northern Trust Corp grew its holdings in Relx by 9.2% during the 1st quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock worth $120,686,000 after acquiring an additional 202,509 shares during the period. Natixis Advisors LLC grew its holdings in Relx by 0.5% during the 1st quarter. Natixis Advisors LLC now owns 1,208,467 shares of the technology company’s stock worth $60,919,000 after acquiring an additional 5,875 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Relx by 6,125.5% during the 1st quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company’s stock worth $34,232,000 after acquiring an additional 668,165 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RELX. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Thursday, September 11th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Relx Price Performance

Shares of RELX stock opened at $46.30 on Friday. Relx Plc has a 12-month low of $44.19 and a 12-month high of $56.33. The firm has a market capitalization of $84.84 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The firm has a fifty day moving average of $48.57 and a 200-day moving average of $51.01.

Relx Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 8th were paid a $0.2634 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 170.0%. Relx’s dividend payout ratio is presently 28.49%.

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.