Wetherby Asset Management Inc. Boosts Stake in Relx Plc (NYSE:RELX)

Wetherby Asset Management Inc. lifted its holdings in shares of Relx Plc (NYSE:RELXGet Rating) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 81,293 shares of the technology company’s stock after purchasing an additional 677 shares during the period. Wetherby Asset Management Inc.’s holdings in Relx were worth $2,529,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Huntington National Bank bought a new stake in Relx in the 1st quarter worth $25,000. UMB Bank N A MO bought a new stake in Relx in the 4th quarter worth $38,000. Eaton Vance Management grew its holdings in Relx by 18.4% in the 4th quarter. Eaton Vance Management now owns 9,622 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,494 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Relx by 72.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,497 shares of the technology company’s stock worth $47,000 after acquiring an additional 627 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Relx in the 1st quarter worth $67,000. Institutional investors own 3.63% of the company’s stock.

Relx Stock Up 1.8 %

Shares of Relx stock opened at $26.62 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 1.64. Relx Plc has a 52-week low of $24.81 and a 52-week high of $32.71. The company has a 50-day simple moving average of $27.80 and a two-hundred day simple moving average of $28.64.

Relx Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Friday, August 5th will be paid a $0.4443 dividend. The ex-dividend date is Thursday, August 4th. This represents a dividend yield of 2.1%.

Analyst Ratings Changes

RELX has been the topic of a number of research reports. Credit Suisse Group lifted their target price on shares of Relx from GBX 2,650 ($32.02) to GBX 2,805 ($33.89) in a research note on Friday, July 29th. StockNews.com started coverage on shares of Relx in a research report on Wednesday, July 27th. They set a “hold” rating for the company. Barclays lifted their price target on shares of Relx from GBX 2,600 ($31.42) to GBX 2,650 ($32.02) in a research report on Friday, July 29th. UBS Group lifted their price target on shares of Relx from GBX 2,615 ($31.60) to GBX 2,700 ($32.62) in a research report on Friday, July 29th. Finally, Morgan Stanley lifted their price target on shares of Relx from GBX 2,750 ($33.23) to GBX 2,860 ($34.56) in a research report on Wednesday, July 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Relx currently has an average rating of “Moderate Buy” and a consensus target price of $2,763.00.

Relx Profile

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RELX PLC 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.

See Also

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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