B. Riley Wealth Advisors Inc. Acquires New Position in Relx Plc (NYSE:RELX)

B. Riley Wealth Advisors Inc. acquired a new stake in shares of Relx Plc (NYSE:RELXFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,530 shares of the technology company’s stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in shares of Relx by 27.4% during the 2nd quarter. Lazard Asset Management LLC now owns 8,246,265 shares of the technology company’s stock valued at $275,672,000 after acquiring an additional 1,775,648 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Relx by 2.5% during the 3rd quarter. Morgan Stanley now owns 4,826,070 shares of the technology company’s stock valued at $162,639,000 after acquiring an additional 117,228 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Relx by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,791,149 shares of the technology company’s stock valued at $93,308,000 after acquiring an additional 243,339 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Relx by 2.5% during the 2nd quarter. BlackRock Inc. now owns 2,631,922 shares of the technology company’s stock valued at $87,985,000 after acquiring an additional 63,190 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Relx by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,518,579 shares of the technology company’s stock valued at $84,190,000 after acquiring an additional 105,646 shares during the last quarter. 3.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RELX shares. Berenberg Bank downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st. StockNews.com upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Friday.

View Our Latest Report on Relx

Relx Price Performance

NYSE RELX opened at $43.65 on Friday. Relx Plc has a 12 month low of $30.10 and a 12 month high of $44.75. The stock has a market cap of $82.18 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.79 and a beta of 0.83. The company’s 50 day moving average is $42.64 and its two-hundred day moving average is $38.73. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51.

Relx Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.526 per share. This is a boost from Relx’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.7%. Relx’s dividend payout ratio (DPR) is presently 25.00%.

Relx Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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