Ascent Group LLC Acquires 3,366 Shares of Relx Plc $RELX

Ascent Group LLC raised its stake in shares of Relx Plc (NYSE:RELX) by 17.6% during the second quarter, HoldingsChannel reports. The firm owned 22,466 shares of the technology company’s stock after buying an additional 3,366 shares during the quarter. Ascent Group LLC’s holdings in Relx were worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA raised its position in Relx by 40.1% in the 1st quarter. ABC Arbitrage SA now owns 194,197 shares of the technology company’s stock worth $9,789,000 after purchasing an additional 55,579 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Relx by 16.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 167,175 shares of the technology company’s stock valued at $8,427,000 after buying an additional 23,692 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Relx by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock worth $205,287,000 after buying an additional 173,976 shares during the period. Pandora Wealth Inc. purchased a new stake in shares of Relx in the first quarter worth approximately $757,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Relx by 103.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 106,220 shares of the technology company’s stock worth $5,355,000 after acquiring an additional 54,062 shares during the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of NYSE:RELX opened at $46.43 on Monday. The firm has a 50 day moving average of $47.85 and a 200 day moving average of $50.97. 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 company has a market capitalization of $85.09 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.87. Relx Plc has a 52 week low of $44.19 and a 52 week high of $56.33.

Relx Cuts Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on RELX shares. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Relx in a research note on Saturday, September 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Finally, Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, Relx currently has a consensus rating of “Buy”.

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.