BlackRock Inc. Acquires 35,793 Shares of Relx Plc (NYSE:RELX)

BlackRock Inc. boosted its position in shares of Relx Plc (NYSE:RELX) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,587,388 shares of the technology company’s stock after acquiring an additional 35,793 shares during the period. BlackRock Inc.’s holdings in Relx were worth $122,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lumature Wealth Partners LLC raised its stake in Relx by 14.3% during the 2nd quarter. Lumature Wealth Partners LLC now owns 2,786 shares of the technology company’s stock worth $74,000 after acquiring an additional 348 shares during the period. Proequities Inc. raised its stake in Relx by 14.0% during the 1st quarter. Proequities Inc. now owns 3,834 shares of the technology company’s stock worth $96,000 after acquiring an additional 470 shares during the period. FMR LLC raised its stake in Relx by 10.9% during the 1st quarter. FMR LLC now owns 5,058 shares of the technology company’s stock worth $108,000 after acquiring an additional 498 shares during the period. Intercontinental Wealth Advisors LLC raised its stake in Relx by 2.3% during the 2nd quarter. Intercontinental Wealth Advisors LLC now owns 23,585 shares of the technology company’s stock worth $629,000 after acquiring an additional 525 shares during the period. Finally, HighTower Advisors LLC raised its stake in Relx by 6.1% during the 1st quarter. HighTower Advisors LLC now owns 12,388 shares of the technology company’s stock worth $314,000 after acquiring an additional 711 shares during the period. Institutional investors own 5.97% of the company’s stock.

RELX stock opened at $29.67 on Thursday. The firm has a fifty day moving average price of $29.97 and a 200 day moving average price of $28.02. Relx Plc has a fifty-two week low of $19.52 and a fifty-two week high of $30.77. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $57.38 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73.

The firm also recently announced a dividend, which was paid on Monday, September 13th. Investors of record on Friday, August 6th were issued a $0.3351 dividend. The ex-dividend date of this dividend was Thursday, August 5th. This is a positive change from Relx’s previous dividend of $0.17. This represents a dividend yield of 2.28%. Relx’s dividend payout ratio (DPR) is 38.24%.

A number of research firms have commented on RELX. UBS Group restated a “neutral” rating on shares of Relx in a research note on Thursday, October 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Thursday, July 22nd. Exane BNP Paribas raised shares of Relx from a “neutral” rating to an “outperform” rating in a report on Thursday, July 1st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Relx in a report on Thursday, October 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Friday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $33.00.

About Relx

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.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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