Relx Plc $RELX Stock Position Decreased by Earnest Partners LLC
Earnest Partners LLC reduced its stake in Relx Plc (NYSE:RELX) by 11.4% in Q1, now holding 61,715 shares valued at $3.1 million. Other institutional investors have also adjusted their positions, with First Trust Advisors LP increasing its stake by 799.6%. Relx's stock opened at $46.98, with a market cap of $86.18 billion. The company declared a semi-annual dividend of $0.2634, yielding 170.0%. Analyst ratings for Relx have improved, with a consensus rating of "Buy."
Earnest Partners LLC decreased its position in Relx Plc (NYSE:RELX - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,715 shares of the technology company's stock after selling 7,940 shares during the period. Earnest Partners LLC's holdings in Relx were worth $3,111,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of RELX. First Trust Advisors LP grew its position in Relx by 799.6% in the 4th quarter. First Trust Advisors LP now owns 43,129 shares of the technology company's stock worth $1,959,000 after purchasing an additional 38,335 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Relx by 3.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company's stock worth $371,000 after purchasing an additional 267 shares during the last quarter. Northern Trust Corp grew its position in Relx by 51.6% in the 4th quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock worth $99,542,000 after purchasing an additional 745,532 shares during the last quarter. Lido Advisors LLC grew its position in Relx by 30.5% in the 4th quarter. Lido Advisors LLC now owns 16,919 shares of the technology company's stock worth $768,000 after purchasing an additional 3,958 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Relx by 368.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock worth $127,437,000 after acquiring an additional 2,208,119 shares during the period. Institutional investors own 15.02% of the company's stock.
Relx Stock Performance
NYSE:RELX opened at $46.98 on Friday. Relx Plc has a 1 year low of $44.19 and a 1 year high of $56.33. The firm's fifty day simple moving average is $51.29 and its 200 day simple moving average is $51.41. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $86.18 billion, a PE ratio of 25.26, a PEG ratio of 3.12 and a beta of 0.88.
Relx Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be issued a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 170.0%. Relx's dividend payout ratio is 28.49%.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Relx from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, Relx presently has a consensus rating of "Buy".
Get Our Latest Research Report on Relx
Relx Company Profile
(Free Report)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.
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