PNC Financial Services Group Inc. Acquires 3,369 Shares of Relx Plc (NYSE:RELX)

PNC Financial Services Group Inc. lifted its holdings in shares of Relx Plc (NYSE:RELX) by 15.7% in the third quarter, Holdings Channel.com reports. The fund owned 24,793 shares of the technology company’s stock after purchasing an additional 3,369 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Relx were worth $715,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. MWG Management Ltd. bought a new position in shares of Relx during the 2nd quarter worth about $380,096,000. Bank of America Corp DE lifted its holdings in shares of Relx by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,753,031 shares of the technology company’s stock worth $180,104,000 after acquiring an additional 63,461 shares during the period. BlackRock Inc. lifted its holdings in shares of Relx by 0.8% during the 2nd quarter. BlackRock Inc. now owns 4,587,388 shares of the technology company’s stock worth $122,345,000 after acquiring an additional 35,793 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Relx by 7.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,835,564 shares of the technology company’s stock worth $75,624,000 after acquiring an additional 201,079 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Relx by 24.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,889,096 shares of the technology company’s stock worth $50,382,000 after acquiring an additional 375,950 shares during the period. 5.70% of the stock is owned by institutional investors.

RELX opened at $30.20 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.46 and a current ratio of 0.53. Relx Plc has a 1-year low of $23.37 and a 1-year high of $32.71. The firm has a 50-day moving average price of $31.40 and a two-hundred day moving average price of $30.26.

Several equities analysts recently issued reports on the stock. UBS Group raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Friday. Credit Suisse Group reissued an “outperform” rating on shares of Relx in a report on Thursday, October 7th. Zacks Investment Research downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Wednesday, December 15th. Citigroup downgraded shares of Relx from a “buy” rating to a “neutral” rating in a report on Thursday, January 6th. Finally, Barclays reissued an “overweight” rating on shares of Relx in a report on Friday, October 22nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Relx presently has an average rating of “Buy” and a consensus price target of $33.00.

Relx Company Profile

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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