JPMorgan Chase & Co. Increases Stock Holdings in Relx Plc $RELX

JPMorgan Chase & Co. grew its holdings in shares of Relx Plc (NYSE:RELX) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,007,921 shares of the technology company’s stock after purchasing an additional 153,821 shares during the quarter. JPMorgan Chase & Co.’s holdings in Relx were worth $48,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after buying an additional 9,287 shares during the period. Millennium Management LLC boosted its stake in shares of Relx by 51.4% during the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock worth $13,891,000 after acquiring an additional 93,610 shares during the last quarter. Focus Partners Wealth grew its position in shares of Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after acquiring an additional 522 shares during the period. Acadian Asset Management LLC increased its stake in shares of Relx by 60.2% in the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock worth $720,000 after purchasing an additional 5,374 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Relx by 57.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock worth $381,000 after purchasing an additional 2,568 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RELX shares. Citigroup began coverage on Relx in a research report on Monday, January 12th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Relx presently has an average rating of “Buy”.

Relx Price Performance

Shares of RELX opened at $34.06 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. Relx Plc has a 1 year low of $27.57 and a 1 year high of $56.33. The company has a 50 day simple moving average of $36.89 and a two-hundred day simple moving average of $41.90.

Relx (NYSE:RELX) last issued its 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 for the quarter, compared to analysts’ expectations of $6.70 billion. Sell-side analysts anticipate that Relx Plc will post 1.68 earnings per share for the current year.

Relx Dividend Announcement

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

About Relx

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.