Relx Plc $RELX Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in shares of Relx Plc (NYSE:RELX) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,693,542 shares of the technology company’s stock after purchasing an additional 96,831 shares during the quarter. Captrust Financial Advisors owned about 0.09% of Relx worth $80,884,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RELX. Coldstream Capital Management Inc. raised its position in shares of Relx by 49.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 46,994 shares of the technology company’s stock worth $2,244,000 after buying an additional 15,623 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Relx by 295.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,407 shares of the technology company’s stock valued at $115,000 after acquiring an additional 1,799 shares in the last quarter. Stance Capital LLC bought a new position in shares of Relx in the third quarter valued at approximately $69,000. Hancock Whitney Corp increased its stake in shares of Relx by 6.0% during the third quarter. Hancock Whitney Corp now owns 5,196 shares of the technology company’s stock valued at $248,000 after acquiring an additional 292 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Relx by 58.6% during the third quarter. NewEdge Advisors LLC now owns 57,556 shares of the technology company’s stock valued at $2,749,000 after acquiring an additional 21,262 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Price Performance

Shares of Relx stock opened at $33.88 on Thursday. Relx Plc has a 12-month low of $27.57 and a 12-month high of $56.33. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The stock’s fifty day moving average is $35.11 and its 200-day moving average is $40.58.

Relx (NYSE:RELX) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. Equities research analysts predict that Relx Plc will post 1.68 EPS for the current fiscal year.

Relx Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.6559 per share. The ex-dividend date is Friday, May 8th. This represents a dividend yield of 422.0%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RELX. Zacks Research downgraded Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Citigroup began coverage on Relx in a report on Monday, January 12th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Relx Company Profile

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.