Shares of Relx Plc (NYSE:RELX – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $46.68, but opened at $45.32. Relx shares last traded at $45.67, with a volume of 45,660 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.
Read Our Latest Stock Report on RELX
Relx Trading Up 0.7 %
Relx Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be issued a $0.234 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, August 2nd.
Institutional Trading of Relx
A number of institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Relx in the second quarter worth about $5,016,000. Clearbridge Investments LLC lifted its stake in Relx by 7.2% in the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock worth $103,709,000 after purchasing an additional 152,154 shares in the last quarter. Cetera Investment Advisers lifted its stake in Relx by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 61,005 shares of the technology company’s stock worth $2,799,000 after purchasing an additional 339 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Relx by 143.5% during the 2nd quarter. NewEdge Advisors LLC now owns 30,223 shares of the technology company’s stock worth $1,387,000 after purchasing an additional 17,809 shares during the last quarter. Finally, Creative Planning grew its position in shares of Relx by 16.4% in the second quarter. Creative Planning now owns 128,930 shares of the technology company’s stock valued at $5,915,000 after purchasing an additional 18,199 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.
About Relx
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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