Relx Plc $RELX Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Relx Plc (NYSE:RELX) by 8.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,302 shares of the technology company’s stock after selling 17,480 shares during the quarter. US Bancorp DE’s holdings in Relx were worth $9,184,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Relx by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 462,477 shares of the technology company’s stock valued at $25,131,000 after buying an additional 41,207 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Relx during the third quarter worth $20,570,000. ABC Arbitrage SA raised its stake in Relx by 13.7% during the third quarter. ABC Arbitrage SA now owns 637,699 shares of the technology company’s stock worth $30,457,000 after acquiring an additional 76,741 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Relx in the 2nd quarter worth approximately $2,878,000. Finally, SCS Capital Management LLC grew its stake in Relx by 341.1% during the 2nd quarter. SCS Capital Management LLC now owns 238,768 shares of the technology company’s stock worth $12,975,000 after buying an additional 184,643 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Citigroup assumed coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Relx Price Performance

Shares of NYSE:RELX opened at $34.79 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. The firm has a fifty day moving average price of $36.78 and a 200 day moving average price of $41.76. Relx Plc has a 1 year low of $27.57 and a 1 year high of $56.33.

Relx (NYSE:RELX) last released its earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. On average, equities analysts expect that Relx Plc will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be paid a $0.6559 dividend. The ex-dividend date is Friday, May 8th. This represents a dividend yield of 422.0%.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.