StockNews.com cut shares of Relx (NYSE:RELX – Free Report) from a buy rating to a hold rating in a report published on Thursday morning.
Separately, Berenberg Bank cut shares of Relx from a buy rating to a hold rating in a research report on Friday, March 1st.
Read Our Latest Stock Analysis on Relx
Relx Trading Up 1.2 %
Relx Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be issued a $0.526 dividend. This is a boost from Relx’s previous Semi-Annual dividend of $0.22. The ex-dividend date is Thursday, May 2nd. This represents a yield of 1.7%.
Institutional Trading of Relx
Several hedge funds have recently added to or reduced their stakes in the company. Triasima Portfolio Management inc. raised its holdings in Relx by 3.1% in the first quarter. Triasima Portfolio Management inc. now owns 43,780 shares of the technology company’s stock valued at $1,895,000 after acquiring an additional 1,320 shares in the last quarter. UMB Bank n.a. raised its holdings in Relx by 94.5% in the first quarter. UMB Bank n.a. now owns 1,517 shares of the technology company’s stock valued at $66,000 after acquiring an additional 737 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in Relx by 5.3% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 19,052 shares of the technology company’s stock valued at $825,000 after acquiring an additional 957 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Relx by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 41,103 shares of the technology company’s stock valued at $1,779,000 after acquiring an additional 447 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in Relx by 56.4% during the first quarter. Aaron Wealth Advisors LLC now owns 11,772 shares of the technology company’s stock worth $510,000 after purchasing an additional 4,247 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.
Relx Company Profile
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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