Relx Plc (NYSE:RELX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in Relx Plc (NYSE:RELX) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,852 shares of the technology company’s stock after selling 2,483 shares during the period. PNC Financial Services Group Inc.’s holdings in Relx were worth $2,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RELX. CENTRAL TRUST Co lifted its stake in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after buying an additional 529 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Relx in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in Relx in the 4th quarter valued at approximately $43,000. Private Trust Co. NA lifted its stake in Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after buying an additional 566 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Relx in the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RELX. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Redburn Atlantic began coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. Finally, Barclays raised Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday.

Relx Trading Up 2.5 %

Shares of Relx stock opened at $48.99 on Friday. Relx Plc has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The firm has a market cap of $91.04 billion, a PE ratio of 26.34, a P/E/G ratio of 2.73 and a beta of 0.90. The business’s fifty day moving average is $48.86 and its two-hundred day moving average is $47.59. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is currently 59.68%.

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.