RELX PLC $RELX Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in RELX PLC (NYSE:RELX) by 4.2% in the second quarter, Holdings Channel reports. The firm owned 6,759 shares of the technology company’s stock after selling 299 shares during the quarter. Blair William & Co. IL’s holdings in RELX were worth $367,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RELX. Carnegie Investment Counsel bought a new position in RELX in the first quarter worth about $16,026,000. Ameriprise Financial Inc. lifted its holdings in RELX by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company’s stock worth $154,129,000 after acquiring an additional 234,094 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in RELX by 103.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,360 shares of the technology company’s stock worth $22,400,000 after acquiring an additional 225,947 shares during the last quarter. Northern Trust Corp lifted its holdings in RELX by 9.2% in the first quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock worth $120,686,000 after acquiring an additional 202,509 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in RELX by 304.6% in the second quarter. Janney Montgomery Scott LLC now owns 242,649 shares of the technology company’s stock worth $13,186,000 after acquiring an additional 182,673 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

RELX Trading Down 0.1%

RELX stock opened at $45.19 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The firm has a market cap of $82.58 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.95 and a beta of 0.87. RELX PLC has a 1 year low of $44.19 and a 1 year high of $56.33. The firm’s 50 day moving average price is $46.77 and its two-hundred day moving average price is $50.63.

RELX Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a $0.2634 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 170.0%. RELX’s payout ratio is 28.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RELX. Wall Street Zen cut shares of RELX from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Barclays reaffirmed an “overweight” rating on shares of RELX in a report on Tuesday, October 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of RELX in a report on Thursday, September 11th. Kepler Capital Markets raised RELX from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of RELX in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

RELX Profile

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.