Naviter Wealth LLC Boosts Stock Position in Relx Plc $RELX

Naviter Wealth LLC raised its holdings in Relx Plc (NYSE:RELX) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,523 shares of the technology company’s stock after acquiring an additional 1,973 shares during the quarter. Naviter Wealth LLC’s holdings in Relx were worth $2,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after purchasing an additional 441 shares during the last quarter. WPG Advisers LLC purchased a new stake in Relx in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC boosted its position in Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after buying an additional 294 shares during the period. Cornerstone Planning Group LLC grew its stake in Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after acquiring an additional 530 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Relx during the second quarter worth approximately $64,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Relx Trading Up 0.7%

Shares of NYSE:RELX opened at $45.15 on Tuesday. The company has a market capitalization of $82.51 billion, a PE ratio of 24.27, a P/E/G ratio of 2.92 and a beta of 0.87. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx Plc has a 12-month low of $44.19 and a 12-month high of $56.33. The business’s fifty day simple moving average is $47.09 and its 200-day simple moving average is $50.78.

Relx Cuts Dividend

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