Raymond James Trust N.A. lifted its stake in Relx Plc (NYSE:RELX – Get Rating) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,116 shares of the technology company's stock after purchasing an additional 1,804 shares during the period. Raymond James Trust N.A.'s holdings in Relx were worth $461,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in RELX. JPMorgan Chase & Co. boosted its position in shares of Relx by 209.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,384,826 shares of the technology company's stock worth $43,068,000 after purchasing an additional 937,368 shares during the last quarter. Bank of America Corp DE lifted its holdings in Relx by 9.1% during the first quarter. Bank of America Corp DE now owns 6,795,261 shares of the technology company's stock worth $211,333,000 after acquiring an additional 566,815 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Relx by 36.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,378,055 shares of the technology company's stock worth $42,858,000 after acquiring an additional 370,016 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Relx during the first quarter worth about $9,836,000. Finally, Causeway Capital Management LLC lifted its holdings in Relx by 78.8% during the first quarter. Causeway Capital Management LLC now owns 692,848 shares of the technology company's stock worth $21,548,000 after acquiring an additional 305,393 shares in the last quarter. 3.63% of the stock is currently owned by institutional investors.
Get Relx alerts:Analysts Set New Price Targets
Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Relx from GBX 2,750 ($33.23) to GBX 2,860 ($34.56) in a report on Wednesday, July 20th. UBS Group lifted their target price on Relx from GBX 2,615 ($31.60) to GBX 2,700 ($32.62) in a report on Friday, July 29th. StockNews.com initiated coverage on Relx in a report on Wednesday, July 27th. They set a "hold" rating on the stock. JPMorgan Chase & Co. boosted their price target on Relx from GBX 2,670 ($32.26) to GBX 2,800 ($33.83) in a report on Monday, July 25th. Finally, Credit Suisse Group increased their price objective on Relx from GBX 2,650 ($32.02) to GBX 2,805 ($33.89) in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Relx has an average rating of "Moderate Buy" and an average target price of $2,790.00.
Relx Stock Down 1.2 %
Shares of RELX opened at $23.58 on Tuesday. Relx Plc has a twelve month low of $23.48 and a twelve month high of $32.71. The company has a 50 day moving average of $27.41 and a 200-day moving average of $28.31. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 1.64.Relx Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 5th were paid a dividend of $0.4443 per share. The ex-dividend date was Thursday, August 4th. This represents a dividend yield of 2.1%.
Relx Company Profile
(Get Rating)
RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
Further Reading
- Get a free copy of the StockNews.com research report on Relx (RELX)
- MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
- Is the Market Overreacting with Shopify Stock?
- MO Money: Why Altria Group Stock is Rallying
- Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
- Three Consumer Stocks That Could Outperform In Q4
Want to see what other hedge funds are holding RELX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Relx Plc (NYSE:RELX – Get Rating).
Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.