Axxcess Wealth Management LLC Trims Stock Position in Relx Plc $RELX

Axxcess Wealth Management LLC cut its position in shares of Relx Plc (NYSE:RELX) by 21.1% during the second quarter, Holdings Channel.com reports. The firm owned 3,994 shares of the technology company’s stock after selling 1,069 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Relx were worth $217,000 at the end of the most recent quarter.

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

Relx Trading Down 0.1%

NYSE RELX opened at $45.19 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx Plc has a 52 week low of $44.19 and a 52 week high of $56.33. The stock has a market capitalization of $82.58 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.95 and a beta of 0.87. The firm has a 50 day moving average of $46.77 and a two-hundred day moving average of $50.63.

Relx Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were issued a $0.2634 dividend. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 170.0%. Relx’s dividend payout ratio is presently 27.96%.

Wall Street Analysts Forecast Growth

RELX has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Relx in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Finally, Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One 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 an average rating of “Buy”.

Relx Company 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.