Citigroup upgraded shares of Relx (NYSE:RELX – Free Report) to a strong-buy rating in a research note issued to investors on Tuesday, Zacks.com reports.
Separately, StockNews.com cut shares of Relx from a buy rating to a hold rating in a report on Saturday, August 31st.
Check Out Our Latest Report on RELX
Relx Price Performance
Relx Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were issued a $0.234 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd. Relx’s dividend payout ratio (DPR) is presently 27.17%.
Institutional Investors Weigh In On Relx
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Relx in the 2nd quarter valued at $5,016,000. Clearbridge Investments LLC grew its holdings in shares of Relx by 7.2% during the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock worth $103,709,000 after purchasing an additional 152,154 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Relx by 0.6% during the second quarter. Cetera Investment Advisers now owns 61,005 shares of the technology company’s stock worth $2,799,000 after purchasing an additional 339 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Relx by 143.5% during the second quarter. NewEdge Advisors LLC now owns 30,223 shares of the technology company’s stock worth $1,387,000 after purchasing an additional 17,809 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Relx by 16.4% in the 2nd quarter. Creative Planning now owns 128,930 shares of the technology company’s stock valued at $5,915,000 after purchasing an additional 18,199 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.
Relx Company Profile
RELX PLC, together with its subsidiaries, 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.
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