Relx Plc $RELX Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Relx Plc (NYSE:RELX) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,483 shares of the technology company’s stock after purchasing an additional 3,751 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Relx were worth $1,113,000 at the end of the most recent quarter.

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

Relx Stock Performance

NYSE RELX opened at $45.19 on Friday. Relx Plc has a 1-year low of $44.19 and a 1-year high of $56.33. The company has a market capitalization of $82.58 billion, a P/E ratio of 24.30, a PEG ratio of 2.95 and a beta of 0.87. The business has a 50 day moving average price of $46.77 and a 200 day moving average price of $50.63. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

Relx Cuts Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on RELX shares. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Barclays reiterated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Relx in a research note on Wednesday, October 8th. One investment 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.com, the company presently has a consensus 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.