11,293 shares in Relx Plc (NYSE:RELX) bought by &Partners

VaselineAugust 25, 2024

0 2 minutes read

&Partners bought a new stake in shares of Relx Plc (NYSE:RELX – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 11,293 shares of the technology company’s stock, valued at approximately $518,000.

Several other hedge funds have also bought and sold shares of RELX. Frazier Financial Advisors LLC purchased a new position in shares of Relx during the 4th quarter valued at about $35,000. Parkside Financial Bank & Trust boosted its position in shares of Relx by 81.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after buying an additional 407 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Relx by 192.9% in the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. Timber Creek Capital Management LLC purchased a new position in shares of Relx in the first quarter valued at $43,000. Finally, Pinnacle Bancorp Inc. raised 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 valued at $43,000 after purchasing an additional 468 shares during the last quarter. Institutional investors hold 15.02% of the company’s shares.

Stock Relx 0.4%

Shares of RELX opened at $46.24 on Friday. Relx Plc has a 12-month low of $31.62 and a 12-month high of $47.42. The company has a 50-day moving average price of $45.74 and a 200-day moving average price of $44.01. The company has a quick ratio of 0.47, a current ratio of 0.52, and a debt-to-equity ratio of 1.51.

Relx cuts dividends

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The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd will be paid a dividend of $0.234 per share. The ex-dividend date is Friday, August 2. This represents a dividend yield of 1.6%.

Analysts on Wall Street are forecasting an increase

Separately, StockNews.com raised Relx from a “hold” rating to a “buy” rating in a report on Friday.

See the latest stock report on RELX

About Relx

(Free report)

RELX PLC, together with its subsidiaries, provides analytics and information-based decision-making tools to professional and business customers in North America, Europe and internationally. It operates through four segments: Risk; Scientific, Technical and Medical; Legal; and Exhibitions. The Risk segment provides insight-driven decision and analysis tools that combine public and industry-specific content with technology and algorithms to help clients assess and predict risk.