Blue Trust Inc. Has $233,000 Holdings in RELX PLC $RELX

Blue Trust Inc. lessened its holdings in shares of RELX PLC (NYSE:RELX) by 47.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,292 shares of the technology company’s stock after selling 3,804 shares during the period. Blue Trust Inc.’s holdings in RELX were worth $233,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of RELX. Rhumbline Advisers lifted its holdings in shares of RELX by 1.2% during the first quarter. Rhumbline Advisers now owns 34,906 shares of the technology company’s stock worth $1,760,000 after purchasing an additional 411 shares during the period. GAMMA Investing LLC lifted its holdings in RELX by 23.5% in the first quarter. GAMMA Investing LLC now owns 13,471 shares of the technology company’s stock valued at $679,000 after buying an additional 2,563 shares during the period. Sowell Financial Services LLC acquired a new position in RELX in the first quarter valued at $200,000. Adero Partners LLC acquired a new position in RELX in the first quarter valued at $218,000. Finally, Sagespring Wealth Partners LLC lifted its holdings in RELX by 22.5% in the first quarter. Sagespring Wealth Partners LLC now owns 5,944 shares of the technology company’s stock valued at $300,000 after buying an additional 1,091 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

RELX Trading Up 0.8%

NYSE:RELX opened at $45.49 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The firm has a 50-day moving average of $46.99 and a 200-day moving average of $50.74. The company has a market cap of $83.12 billion, a PE ratio of 24.45, a PEG ratio of 2.94 and a beta of 0.87. RELX PLC has a one year low of $44.19 and a one year high of $56.33.

RELX Cuts Dividend

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

Analysts Set New Price Targets

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

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.