Relx Plc (NYSE:RELX) Stock Holdings Cut by LPL Financial LLC

LPL Financial LLC reduced its position in shares of Relx Plc (NYSE:RELX) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,134 shares of the technology company’s stock after selling 9,011 shares during the quarter. LPL Financial LLC’s holdings in Relx were worth $2,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in Relx during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC bought a new stake in shares of Relx during the 1st quarter worth $26,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Relx during the 1st quarter worth $204,000. Russell Investments Group Ltd. boosted its stake in shares of Relx by 422.0% during the 1st quarter. Russell Investments Group Ltd. now owns 77,659 shares of the technology company’s stock worth $2,517,000 after acquiring an additional 62,782 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of Relx by 4.0% during the 1st quarter. Personal CFO Solutions LLC now owns 9,425 shares of the technology company’s stock worth $306,000 after acquiring an additional 359 shares in the last quarter. 3.56% of the stock is owned by institutional investors.

Relx Trading Up 0.5 %

Shares of Relx stock opened at $32.59 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.62. Relx Plc has a 12 month low of $23.39 and a 12 month high of $34.49. The business has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $32.07.

Relx Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 4th will be issued a dividend of $0.2195 per share. The ex-dividend date is Thursday, August 3rd. This represents a dividend yield of 2.1%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Relx from GBX 2,930 ($37.00) to GBX 2,960 ($37.38) in a research note on Friday, July 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Relx from GBX 2,100 ($26.52) to GBX 2,200 ($27.78) in a research note on Friday, July 28th. JPMorgan Chase & Co. raised their price objective on Relx from GBX 3,040 ($38.39) to GBX 3,100 ($39.15) in a research note on Friday, July 28th. Investec raised Relx from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Credit Suisse Group raised their target price on Relx from GBX 2,913 ($36.79) to GBX 2,915 ($36.81) in a research report on Friday, July 28th.

Relx Company Profile

RELX PLC, together with its subsidiaries, 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.