Edge Capital Group LLC Has $11.18 Million Position in Relx Plc (NYSE:RELX)

Edge Capital Group LLC lifted its holdings in Relx Plc (NYSE:RELX) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 243,616 shares of the technology company’s stock after purchasing an additional 13,793 shares during the quarter. Edge Capital Group LLC’s holdings in Relx were worth $11,177,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RELX. Frank Rimerman Advisors LLC acquired a new position in shares of Relx in the second quarter valued at approximately $470,000. Profund Advisors LLC boosted its stake in Relx by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 14,007 shares of the technology company’s stock worth $643,000 after purchasing an additional 407 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Relx by 5.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,422 shares of the technology company’s stock worth $341,000 after purchasing an additional 403 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Relx by 17.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,389 shares of the technology company’s stock valued at $2,988,000 after purchasing an additional 9,887 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Relx by 4.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 145,840 shares of the technology company’s stock worth $6,691,000 after buying an additional 6,671 shares during the period. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Stock Performance

Shares of Relx stock opened at $47.99 on Friday. Relx Plc has a 12-month low of $33.13 and a 12-month high of $48.24. The business’s 50 day moving average is $46.23 and its 200-day moving average is $44.59. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51.

Relx Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were issued a $0.234 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a dividend yield of 1.6%.

About Relx

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.