Relx (NYSE:RELX) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Relx (NYSE:RELX) in a research report report published on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

Several other equities analysts have also weighed in on the company. Redburn Atlantic initiated coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Relx has an average rating of “Buy”.

Relx Trading Down 0.9 %

Shares of NYSE RELX opened at $49.93 on Wednesday. The company’s 50 day simple moving average is $49.40 and its 200 day simple moving average is $47.78. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The firm has a market capitalization of $92.66 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a dividend of $0.5586 per share. This represents a yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx’s dividend payout ratio is presently 59.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RELX. Ameriprise Financial Inc. raised its holdings in shares of Relx by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock worth $127,437,000 after acquiring an additional 2,208,119 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Relx in the 4th quarter valued at about $44,516,000. Northern Trust Corp lifted its holdings in shares of Relx by 51.6% in the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company’s stock valued at $99,542,000 after purchasing an additional 745,532 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Relx by 290.3% during the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock worth $40,277,000 after buying an additional 659,547 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Relx by 50.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock worth $89,420,000 after buying an additional 658,655 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Company 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.