Comerica Bank Has $975,000 Position in Relx Plc (NYSE:RELX)

Comerica Bank lifted its position in shares of Relx Plc (NYSE:RELXGet Rating) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,992 shares of the technology company’s stock after buying an additional 1,614 shares during the period. Comerica Bank’s holdings in Relx were worth $975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RELX. CoreCap Advisors LLC acquired a new position in shares of Relx during the second quarter worth about $28,000. Allworth Financial LP boosted its position in Relx by 455.3% during the third quarter. Allworth Financial LP now owns 1,455 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,193 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in Relx during the third quarter valued at approximately $35,000. Wipfli Financial Advisors LLC acquired a new position in Relx during the third quarter valued at approximately $42,000. Finally, American National Bank acquired a new position in Relx during the third quarter valued at approximately $51,000. 3.41% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

NYSE:RELX opened at $29.35 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 0.51. The stock’s 50 day moving average price is $28.27 and its two-hundred day moving average price is $27.25. Relx Plc has a 12-month low of $23.39 and a 12-month high of $32.24.

Analyst Ratings Changes

Several brokerages recently commented on RELX. StockNews.com began coverage on Relx in a research report on Wednesday, November 30th. They set a “hold” rating for the company. Morgan Stanley reduced their price target on Relx from GBX 3,020 ($37.39) to GBX 2,950 ($36.52) in a research report on Friday, December 16th. Societe Generale increased their price target on Relx from GBX 2,730 ($33.80) to GBX 2,770 ($34.29) in a research report on Friday, October 21st. JPMorgan Chase & Co. increased their price target on Relx from GBX 2,710 ($33.55) to GBX 2,730 ($33.80) in a research report on Monday, December 12th. Finally, Credit Suisse Group dropped their price objective on Relx from GBX 2,828 ($35.01) to GBX 2,800 ($34.67) in a research note on Tuesday, January 10th.

About Relx

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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.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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