Truist Financial Corp increased its stake in Relx Plc (NYSE:RELX – Get Rating) by 18.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 48,294 shares of the technology company’s stock after buying an additional 7,603 shares during the quarter. Truist Financial Corp’s holdings in Relx were worth $1,174,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of RELX. CoreCap Advisors LLC acquired a new stake in Relx in the second quarter worth about $28,000. Allworth Financial LP lifted its holdings in Relx by 455.3% in the 3rd quarter. Allworth Financial LP now owns 1,455 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,193 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in Relx in the 3rd quarter valued at about $35,000. Wipfli Financial Advisors LLC acquired a new stake in Relx in the 3rd quarter valued at about $42,000. Finally, American National Bank acquired a new stake in Relx in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 3.41% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on RELX shares. JPMorgan Chase & Co. upped their price target on shares of Relx from GBX 2,710 ($33.07) to GBX 2,730 ($33.31) in a report on Monday, December 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Relx from GBX 2,200 ($26.85) to GBX 2,000 ($24.41) in a report on Wednesday, October 5th. Societe Generale boosted their price objective on Relx from GBX 2,730 ($33.31) to GBX 2,770 ($33.80) in a report on Friday, October 21st. StockNews.com initiated coverage on Relx in a report on Wednesday, November 30th. They set a “hold” rating on the stock. Finally, Credit Suisse Group cut their price objective on Relx from GBX 2,828 ($34.51) to GBX 2,800 ($34.17) in a report on Tuesday, January 10th.
Relx Stock Performance
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.
- Get a free copy of the StockNews.com research report on Relx (RELX)
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