Commonwealth Equity Services LLC Purchases 316 Shares of Relx Plc (NYSE:RELX)

Commonwealth Equity Services LLC raised its holdings in shares of Relx Plc (NYSE:RELX) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,145 shares of the technology company’s stock after acquiring an additional 316 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Relx were worth $741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its position in Relx by 192.9% in the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after purchasing an additional 571 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Relx during the 4th quarter worth about $35,000. Pinnacle Bancorp Inc. boosted its stake in shares of Relx by 90.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after buying an additional 468 shares during the last quarter. Timber Creek Capital Management LLC acquired a new stake in shares of Relx in the first quarter valued at about $43,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Relx in the second quarter valued at about $52,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

Relx Price Performance

NYSE RELX opened at $47.37 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The firm’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $44.53. Relx Plc has a 1 year low of $33.13 and a 1 year high of $48.24.

Relx Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were given a $0.234 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a dividend yield of 1.6%.

Relx Company 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.