Russell Investments Group Ltd. Boosts Stock Holdings in Relx Plc (NYSE:RELX)

Russell Investments Group Ltd. grew its position in Relx Plc (NYSE:RELX) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,066 shares of the technology company’s stock after purchasing an additional 4,976 shares during the period. Russell Investments Group Ltd.’s holdings in Relx were worth $821,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Relx in the third quarter worth $223,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Relx in the 3rd quarter worth about $125,000. Peapack Gladstone Financial Corp grew its position in Relx by 5.7% during the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after buying an additional 267 shares during the period. Franklin Resources Inc. increased its holdings in Relx by 3.3% during the third quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock worth $873,000 after buying an additional 588 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Relx by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after acquiring an additional 104,999 shares during the period. 15.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RELX shares. Redburn Atlantic began coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating for the company. Barclays raised Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Wednesday, April 16th. The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, March 26th. They issued a “buy” rating for the company. Finally, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Relx Price Performance

Relx stock opened at $53.10 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a one year low of $40.25 and a one year high of $53.15. The firm has a market capitalization of $98.28 billion, a P/E ratio of 28.55, a PEG ratio of 2.73 and a beta of 0.84. The business has a fifty day moving average price of $49.41 and a 200-day moving average price of $48.09.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s payout ratio is presently 59.68%.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.