Relx (NYSE:RELX) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Relx (NYSE:RELX) from a hold rating to a buy rating in a research note published on Monday.

Separately, Berenberg Bank lowered shares of Relx from a buy rating to a hold rating in a research note on Friday, March 1st.

Relx Trading Down 0.3 %

NYSE:RELX opened at $41.93 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx has a 52 week low of $30.10 and a 52 week high of $44.75. The stock’s fifty day moving average is $42.92 and its two-hundred day moving average is $39.42.

Relx Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be given a $0.526 dividend. This is an increase from Relx’s previous Semi-Annual dividend of $0.22. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 2nd.

Institutional Trading of Relx

Several hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC increased its stake in Relx by 27.4% during the 2nd quarter. Lazard Asset Management LLC now owns 8,246,265 shares of the technology company’s stock worth $275,672,000 after buying an additional 1,775,648 shares during the period. Morgan Stanley raised its stake in shares of Relx by 2.5% in the third quarter. Morgan Stanley now owns 4,826,070 shares of the technology company’s stock valued at $162,639,000 after acquiring an additional 117,228 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Relx by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after purchasing an additional 399,101 shares during the period. Dimensional Fund Advisors LP lifted its stake in Relx by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,052 shares of the technology company’s stock worth $106,843,000 after acquiring an additional 94,052 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Relx by 2.5% in the 2nd quarter. BlackRock Inc. now owns 2,631,922 shares of the technology company’s stock valued at $87,985,000 after purchasing an additional 63,190 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.