RELX PLC $RELX Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of RELX PLC (NYSE:RELX) by 29.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,372 shares of the technology company’s stock after acquiring an additional 5,306 shares during the period. Russell Investments Group Ltd.’s holdings in RELX were worth $1,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RELX. Larson Financial Group LLC raised its position in RELX by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after acquiring an additional 441 shares during the last quarter. Golden State Wealth Management LLC raised its position in RELX by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC raised its position in RELX by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after acquiring an additional 530 shares during the last quarter. Redwood Investments LLC acquired a new position in RELX during the fourth quarter worth about $120,000. Finally, Cullen Frost Bankers Inc. raised its position in RELX by 15.9% during the first quarter. Cullen Frost Bankers Inc. now owns 2,706 shares of the technology company’s stock worth $136,000 after acquiring an additional 371 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of RELX from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

RELX Stock Performance

Shares of NYSE RELX opened at $46.98 on Friday. The company has a market cap of $86.18 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 3.12 and a beta of 0.88. RELX PLC has a 12 month low of $44.19 and a 12 month high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The company has a 50-day simple moving average of $51.29 and a 200-day simple moving average of $51.41.

RELX Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.2634 per share. The ex-dividend date is Friday, August 8th. This represents a dividend yield of 170.0%. RELX’s payout ratio is 28.49%.

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.