EP Wealth Advisors LLC Purchases New Position in RELX PLC $RELX

EP Wealth Advisors LLC acquired a new position in shares of RELX PLC (NYSE:RELX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,567 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in RELX by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after purchasing an additional 441 shares during the period. WPG Advisers LLC bought a new stake in shares of RELX in the 1st quarter valued at $28,000. Golden State Wealth Management LLC raised its stake in RELX by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after buying an additional 294 shares during the period. Cornerstone Planning Group LLC lifted its holdings 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 in the last quarter. Finally, Redwood Investments LLC acquired a new position in RELX in the fourth quarter valued at about $120,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered RELX from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, RELX presently has an average rating of “Buy”.

RELX Price Performance

Shares of NYSE RELX opened at $47.26 on Wednesday. The company has a fifty day moving average price of $50.21 and a 200 day moving average price of $51.17. The firm has a market cap of $86.70 billion, a PE ratio of 25.41, a PEG ratio of 3.09 and a beta of 0.87. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. RELX PLC has a 1-year low of $44.19 and a 1-year high of $56.33.

RELX Cuts Dividend

The company also recently disclosed 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. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend is Friday, August 8th. RELX’s dividend payout ratio is currently 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.