Relx Plc (NYSE:RELX) Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its stake in Relx Plc (NYSE:RELXGet Rating) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,795,261 shares of the technology company’s stock after buying an additional 566,815 shares during the period. Bank of America Corp DE’s holdings in Relx were worth $211,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Harbor Investment Advisory LLC boosted its position in shares of Relx by 3.3% in the first quarter. Harbor Investment Advisory LLC now owns 11,009 shares of the technology company’s stock worth $342,000 after buying an additional 356 shares during the period. Addison Advisors LLC boosted its position in shares of Relx by 10.0% in the first quarter. Addison Advisors LLC now owns 4,166 shares of the technology company’s stock worth $130,000 after buying an additional 379 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Relx by 4.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,746 shares of the technology company’s stock worth $272,000 after buying an additional 386 shares during the period. Personal CFO Solutions LLC boosted its holdings in Relx by 4.6% in the first quarter. Personal CFO Solutions LLC now owns 9,065 shares of the technology company’s stock valued at $282,000 after purchasing an additional 398 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Relx by 3.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,374 shares of the technology company’s stock valued at $404,000 after purchasing an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 3.63% of the company’s stock.

Relx Trading Down 2.0 %

Shares of NYSE RELX opened at $25.03 on Wednesday. The stock’s 50 day moving average price is $27.68 and its two-hundred day moving average price is $28.43. Relx Plc has a 52-week low of $24.81 and a 52-week high of $32.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 0.51.

Relx Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 5th were paid a dividend of $0.4443 per share. This represents a yield of 2.1%. The ex-dividend date was Thursday, August 4th.

Analyst Upgrades and Downgrades

RELX has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Relx from GBX 2,750 ($33.23) to GBX 2,860 ($34.56) in a report on Wednesday, July 20th. Credit Suisse Group increased their price target on Relx from GBX 2,650 ($32.02) to GBX 2,805 ($33.89) in a report on Friday, July 29th. JPMorgan Chase & Co. increased their price target on Relx from GBX 2,670 ($32.26) to GBX 2,800 ($33.83) in a report on Monday, July 25th. StockNews.com initiated coverage on Relx in a report on Wednesday, July 27th. They issued a “hold” rating for the company. Finally, Barclays increased their price target on Relx from GBX 2,650 ($32.02) to GBX 2,785 ($33.65) in a report on Friday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Relx presently has a consensus rating of “Moderate Buy” and an average target price of $2,790.00.

About Relx

(Get Rating)

RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.

Recommended Stories

Want to see what other hedge funds are holding RELX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Relx Plc (NYSE:RELXGet Rating).

Institutional Ownership by Quarter for Relx (NYSE:RELX)

Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.