Ascent Group LLC Acquires 3,366 Shares of Relx Plc $RELX

Ascent Group LLC grew its holdings in Relx Plc (NYSE:RELX) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,466 shares of the technology company’s stock after acquiring an additional 3,366 shares during the period. Ascent Group LLC’s holdings in Relx were worth $1,221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RELX. Larson Financial Group LLC lifted its position in Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Relx during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in shares of Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after acquiring an additional 294 shares during the period. Cornerstone Planning Group LLC increased its holdings 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 in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Relx during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

Shares of NYSE RELX opened at $46.43 on Monday. The company has a market cap of $85.09 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.03 and a beta of 0.87. Relx Plc has a 52-week low of $44.19 and a 52-week high of $56.33. 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 firm’s fifty day moving average is $47.85 and its two-hundred day moving average is $50.97.

Relx Cuts Dividend

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

Analyst Ratings Changes

RELX has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Relx in a report on Saturday, September 27th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, Relx currently has an average rating of “Buy”.

Relx 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.