Farther Finance Advisors LLC Sells 6,740 Shares of Relx Plc (NYSE:RELX)

Farther Finance Advisors LLC cut its stake in shares of Relx Plc (NYSE:RELX) by 37.5% during the second quarter, HoldingsChannel reports. The firm owned 11,229 shares of the technology company’s stock after selling 6,740 shares during the quarter. Farther Finance Advisors LLC’s holdings in Relx were worth $508,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LVW Advisors LLC lifted its position in Relx by 1.7% in the second quarter. LVW Advisors LLC now owns 15,189 shares of the technology company’s stock worth $697,000 after buying an additional 248 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Relx by 2.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company’s stock worth $550,000 after acquiring an additional 260 shares during the last quarter. Traveka Wealth LLC lifted its holdings in shares of Relx by 4.5% in the 2nd quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company’s stock worth $281,000 after acquiring an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Relx by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock worth $583,000 after purchasing an additional 287 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Relx by 2.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 16,145 shares of the technology company’s stock valued at $741,000 after purchasing an additional 316 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Relx Stock Down 1.1 %

NYSE:RELX opened at $46.15 on Wednesday. Relx Plc has a twelve month low of $32.58 and a twelve month high of $47.42. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $45.86 and a 200-day simple moving average of $44.27.

Relx Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be issued a dividend of $0.234 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a yield of 1.6%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday.

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.