QRG Capital Management Inc. Boosts Stock Position in Relx Plc $RELX

QRG Capital Management Inc. boosted its position in Relx Plc (NYSE:RELX) by 16.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 288,409 shares of the technology company’s stock after purchasing an additional 41,222 shares during the period. QRG Capital Management Inc.’s holdings in Relx were worth $15,672,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after buying an additional 441 shares in the last quarter. WPG Advisers LLC acquired a new stake in Relx during the first quarter worth approximately $28,000. Golden State Wealth Management LLC grew its stake in Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after acquiring an additional 294 shares during the period. Cornerstone Planning Group LLC grew its stake in Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after acquiring an additional 530 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Relx in the 2nd quarter valued at $64,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Down 0.4%

RELX opened at $46.43 on Friday. Relx Plc has a 1 year low of $44.19 and a 1 year high of $56.33. The firm has a 50 day moving average price of $47.85 and a 200 day moving average price of $50.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The company has a market cap of $85.09 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.87.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were paid a $0.2634 dividend. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Friday, August 8th. Relx’s dividend payout ratio (DPR) is currently 28.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Relx in a research report on Saturday, September 27th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Thursday, September 11th. Finally, Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.