PNC Financial Services Group Inc. Trims Holdings in Relx Plc (NYSE:RELX)

PNC Financial Services Group Inc. trimmed its position in Relx Plc (NYSE:RELX) by 15.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,539 shares of the technology company’s stock after selling 10,574 shares during the period. PNC Financial Services Group Inc.’s holdings in Relx were worth $2,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RELX. Citigroup Inc. lifted its holdings in Relx by 6.8% in the 3rd quarter. Citigroup Inc. now owns 24,962 shares of the technology company’s stock valued at $841,000 after purchasing an additional 1,581 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in Relx by 25.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 24,596 shares of the technology company’s stock valued at $829,000 after purchasing an additional 5,017 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Relx during the 3rd quarter worth about $1,404,000. Envestnet Asset Management Inc. lifted its holdings in shares of Relx by 27.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,781,022 shares of the technology company’s stock worth $60,020,000 after acquiring an additional 384,504 shares during the period. Finally, FMR LLC lifted its holdings in shares of Relx by 9.0% during the 3rd quarter. FMR LLC now owns 2,349,521 shares of the technology company’s stock worth $79,179,000 after acquiring an additional 194,937 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Trading Up 0.2 %

NYSE RELX opened at $45.66 on Friday. Relx Plc has a one year low of $31.38 and a one year high of $45.92. The company’s 50 day moving average price is $43.41 and its 200 day moving average price is $42.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RELX. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Berenberg Bank lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Relx Profile

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.