Sequoia Financial Advisors LLC Boosts Stock Position in Relx Plc $RELX

Sequoia Financial Advisors LLC lifted its position in Relx Plc (NYSE:RELX) by 22.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,483 shares of the technology company’s stock after buying an additional 3,751 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Relx were worth $1,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RELX. Yousif Capital Management LLC grew its stake in Relx by 7.7% during the 2nd quarter. Yousif Capital Management LLC now owns 23,651 shares of the technology company’s stock worth $1,285,000 after purchasing an additional 1,690 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Relx by 2.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,353 shares of the technology company’s stock worth $805,000 after purchasing an additional 422 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Relx by 16.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 106,180 shares of the technology company’s stock worth $5,770,000 after purchasing an additional 14,807 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Relx by 5.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 7,129 shares of the technology company’s stock worth $387,000 after purchasing an additional 386 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in Relx during the 2nd quarter worth $2,640,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on RELX. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Barclays reissued an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Relx in a research note on Wednesday, October 8th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, Relx has a consensus rating of “Buy”.

Relx Trading Down 0.1%

NYSE:RELX opened at $45.19 on Friday. The stock has a 50-day simple moving average of $46.77 and a 200-day simple moving average of $50.63. The stock has a market cap of $82.58 billion, a P/E ratio of 24.30, a P/E/G 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 company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47.

Relx Cuts Dividend

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

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.