Relx Plc (NYSE:RELX) Stake Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Relx Plc (NYSE:RELX) by 20.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 42,281 shares of the technology company’s stock after buying an additional 7,239 shares during the period. BNP Paribas Financial Markets’ holdings in Relx were worth $2,007,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Relx by 8.3% in the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock valued at $339,284,000 after acquiring an additional 548,423 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Relx in the third quarter worth $12,902,000. Dimensional Fund Advisors LP increased its stake in Relx by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock valued at $136,155,000 after purchasing an additional 169,284 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Relx by 7.2% during the second quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock worth $103,709,000 after purchasing an additional 152,154 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Relx by 194.9% in the 3rd quarter. Bank of Montreal Can now owns 227,211 shares of the technology company’s stock worth $10,806,000 after buying an additional 150,163 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com started coverage on shares of Relx in a research report on Wednesday, October 30th. They set a “hold” rating for the company. Citigroup raised Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

Relx Price Performance

Shares of NYSE RELX opened at $47.59 on Friday. Relx Plc has a 1-year low of $38.08 and a 1-year high of $48.91. The firm has a market capitalization of $88.58 billion, a PE ratio of 27.99, a P/E/G ratio of 3.39 and a beta of 0.89. The business’s fifty day moving average price is $47.01 and its two-hundred day moving average price is $46.31.

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.