NewEdge Advisors LLC Has $1.39 Million Position in Relx Plc (NYSE:RELX)

NewEdge Advisors LLC lifted its holdings in Relx Plc (NYSE:RELX) by 143.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,223 shares of the technology company’s stock after buying an additional 17,809 shares during the period. NewEdge Advisors LLC’s holdings in Relx were worth $1,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Financial Management Professionals Inc. boosted its holdings in shares of Relx by 192.9% during the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after purchasing an additional 571 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Relx by 90.9% in the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after acquiring an additional 468 shares during the last quarter. Timber Creek Capital Management LLC purchased a new stake in shares of Relx during the first quarter worth $43,000. Indiana Trust & Investment Management CO acquired a new stake in Relx during the second quarter valued at $52,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Relx by 144.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company’s stock valued at $62,000 after purchasing an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

NYSE RELX opened at $46.29 on Friday. Relx Plc has a fifty-two week low of $33.94 and a fifty-two week high of $48.91. The stock’s 50-day moving average is $46.63 and its two-hundred day moving average is $44.88.

Relx Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors 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 yield of 1.6%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup upgraded Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

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.