Belpointe Asset Management LLC Takes Position in RELX PLC $RELX

Belpointe Asset Management LLC acquired a new stake in RELX PLC (NYSE:RELX) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,110 shares of the technology company’s stock, valued at approximately $459,000.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of RELX by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after purchasing an additional 441 shares in the last quarter. WPG Advisers LLC bought a new stake in RELX during the 1st quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings 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 acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in RELX by 325.2% during the 1st 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. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in RELX by 842.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,676 shares of the technology company’s stock worth $135,000 after acquiring an additional 2,392 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

RELX Stock Performance

Shares of RELX stock opened at $46.53 on Monday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The company has a market capitalization of $85.27 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.03 and a beta of 0.87. The company’s 50 day moving average price is $49.80 and its two-hundred day moving average price is $51.14. RELX PLC has a 52 week low of $44.19 and a 52 week high of $56.33.

RELX Cuts Dividend

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

Analysts Set New Price Targets

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

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.