Relx Plc (NYSE:RELX) Position Trimmed by Cetera Investment Advisers

Cetera Investment Advisers lessened its holdings in shares of Relx Plc (NYSE:RELX) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,713 shares of the technology company’s stock after selling 1,747 shares during the quarter. Cetera Investment Advisers’ holdings in Relx were worth $2,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in shares of Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after buying an additional 441 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after buying an additional 294 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock valued at $37,000 after buying an additional 530 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Relx in the 4th quarter valued at approximately $40,000. Finally, Redwood Investments LLC bought a new stake in shares of Relx in the 4th quarter valued at approximately $120,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RELX shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Wednesday, April 16th. Wall Street Zen upgraded Relx from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Relx Price Performance

Relx stock opened at $48.81 on Thursday. Relx Plc has a 12-month low of $44.14 and a 12-month high of $56.33. The business’s 50-day simple moving average is $53.13 and its 200 day simple moving average is $51.61. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The stock has a market cap of $89.65 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 3.30 and a beta of 0.88.

Relx Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be given a dividend of $0.2634 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 170.0%. Relx’s dividend payout ratio (DPR) is currently 27.96%.

Relx 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.