Relx Plc $RELX Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC grew its position in Relx Plc (NYSE:RELX) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,523 shares of the technology company’s stock after purchasing an additional 1,973 shares during the quarter. Naviter Wealth LLC’s holdings in Relx were worth $2,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RELX. ABC Arbitrage SA boosted its position in shares of Relx by 40.1% in the 1st quarter. ABC Arbitrage SA now owns 194,197 shares of the technology company’s stock worth $9,789,000 after purchasing an additional 55,579 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Relx by 16.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 167,175 shares of the technology company’s stock valued at $8,427,000 after buying an additional 23,692 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Relx by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock worth $205,287,000 after acquiring an additional 173,976 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Relx during the first quarter worth about $757,000. Finally, Modern Wealth Management LLC acquired a new position in shares of Relx during the first quarter valued at about $278,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

RELX has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Relx in a research note on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Relx Trading Up 0.7%

NYSE RELX opened at $45.15 on Tuesday. Relx Plc has a 1 year low of $44.19 and a 1 year high of $56.33. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The company has a market capitalization of $82.51 billion, a PE ratio of 24.27, a P/E/G ratio of 2.92 and a beta of 0.87. The company has a fifty day moving average of $47.09 and a 200 day moving average of $50.78.

Relx Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were issued 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 payout ratio is 28.49%.

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.