Relx Plc (NYSE:RELX) Given Average Rating of “Buy” by Brokerages

Shares of Relx Plc (NYSE:RELX) have been given a consensus recommendation of “Buy” by the five analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of research firms have recently issued reports on RELX. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, March 26th. They set a “buy” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Wednesday, April 16th.

Institutional Trading of Relx

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Relx by 4.2% in the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company’s stock valued at $283,714,000 after acquiring an additional 253,107 shares during the period. Lazard Asset Management LLC grew its position in Relx by 1.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company’s stock valued at $191,868,000 after acquiring an additional 48,793 shares during the period. Dimensional Fund Advisors LP grew its position in Relx by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company’s stock valued at $144,885,000 after acquiring an additional 121,831 shares during the period. Ameriprise Financial Inc. grew its position in Relx by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company’s stock valued at $154,129,000 after acquiring an additional 234,094 shares during the period. Finally, Northern Trust Corp grew its position in Relx by 9.2% in the first quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock valued at $120,686,000 after acquiring an additional 202,509 shares during the period. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Up 1.2%

Shares of RELX stock opened at $53.02 on Monday. Relx has a 12 month low of $43.28 and a 12 month high of $55.21. The firm has a market cap of $98.13 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The stock has a 50 day moving average of $50.86 and a 200-day moving average of $48.80. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

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

Relx Company Profile

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.