First Republic Investment Management Inc. acquired a new stake in shares of Relx PLC (NYSE:RELX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,205 shares of the technology company’s stock, valued at approximately $287,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Relx by 1.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 156,852 shares of the technology company’s stock valued at $3,410,000 after buying an additional 2,457 shares during the last quarter. Greenleaf Trust raised its position in shares of Relx by 15.6% during the second quarter. Greenleaf Trust now owns 20,300 shares of the technology company’s stock valued at $441,000 after buying an additional 2,743 shares during the last quarter. Blair William & Co. IL raised its position in shares of Relx by 12.6% during the first quarter. Blair William & Co. IL now owns 24,929 shares of the technology company’s stock valued at $521,000 after buying an additional 2,780 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Relx by 8.5% during the second quarter. Wetherby Asset Management Inc. now owns 41,546 shares of the technology company’s stock valued at $904,000 after buying an additional 3,250 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Relx by 21.7% during the first quarter. UBS Group AG now owns 22,020 shares of the technology company’s stock valued at $460,000 after buying an additional 3,926 shares during the last quarter. Hedge funds and other institutional investors own 2.94% of the company’s stock.

RELX stock opened at $20.74 on Friday. Relx PLC has a fifty-two week low of $19.75 and a fifty-two week high of $24.03. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $21.61 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.96 and a beta of 0.55.

The firm also recently announced a dividend, which was paid on Wednesday, August 29th. Investors of record on Friday, August 3rd were issued a $0.163 dividend. The ex-dividend date was Thursday, August 2nd. This is a positive change from Relx’s previous dividend of $0.14. Relx’s dividend payout ratio (DPR) is 31.07%.

Several research firms have recently issued reports on RELX. Zacks Investment Research cut shares of Relx from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.00.

Relx Profile

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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