Relx Plc $RELX Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its stake in Relx Plc (NYSE:RELX) by 12.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,040,217 shares of the technology company’s stock after acquiring an additional 328,282 shares during the quarter. Lazard Asset Management LLC’s holdings in Relx were worth $100,783,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RELX. Bridgewater Advisors Inc. raised its position in Relx by 2.9% during the first quarter. Bridgewater Advisors Inc. now owns 11,404 shares of the technology company’s stock worth $361,000 after acquiring an additional 320 shares during the period. GC Wealth Management RIA LLC lifted its holdings in Relx by 78.4% during the first quarter. GC Wealth Management RIA LLC now owns 42,701 shares of the technology company’s stock valued at $1,416,000 after purchasing an additional 18,769 shares in the last quarter. Compound Planning Inc. grew its position in shares of Relx by 23.1% in the first quarter. Compound Planning Inc. now owns 20,470 shares of the technology company’s stock valued at $679,000 after purchasing an additional 3,837 shares during the period. Keebeck Wealth Management acquired a new stake in shares of Relx in the first quarter valued at about $243,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after purchasing an additional 2,763,766 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of NYSE RELX opened at $35.65 on Tuesday. The firm has a 50-day simple moving average of $32.89 and a 200-day simple moving average of $34.13. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. Relx Plc has a 52 week low of $27.57 and a 52 week high of $52.36.

Relx Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid a dividend of $0.2785 per share. This represents a yield of 163.0%. The ex-dividend date of this dividend is Friday, August 7th.

Analyst Upgrades and Downgrades

RELX has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Relx in a report on Friday. Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded Relx from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Relx Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.