Relx (NYSE:RELX) Shares Gap Up After Dividend Announcement

Relx Plc (NYSE:RELXGet Free Report)’s share price gapped up before the market opened on Friday after the company announced a dividend. The stock had previously closed at $28.81, but opened at $30.66. Relx shares last traded at $30.9140, with a volume of 1,930,121 shares.

The newly announced dividend which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be issued a $0.6559 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a yield of 422.0%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup began coverage on Relx in a research note on Monday, January 12th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Zacks Research upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Relx presently has an average rating of “Buy”.

Read Our Latest Report on Relx

Relx Stock Performance

The company’s 50 day simple moving average is $38.49 and its 200-day simple moving average is $43.04. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

Relx (NYSE:RELXGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.42). The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. As a group, research analysts forecast that Relx Plc will post 1.68 EPS for the current fiscal year.

Trending Headlines about Relx

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Institutional Investors Weigh In On Relx

A number of institutional investors and hedge funds have recently bought and sold shares of RELX. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Relx in the 4th quarter worth $26,000. Cornerstone Planning Group LLC grew its position in Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after acquiring an additional 695 shares in the last quarter. NewSquare Capital LLC increased its stake in Relx by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after acquiring an additional 475 shares during the last quarter. Salomon & Ludwin LLC raised its position in Relx by 1,646.2% during the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after purchasing an additional 642 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Company Profile

(Get Free Report)

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.

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