Bank of New York Mellon Corp Cuts Stock Holdings in Relx Plc (NYSE:RELX)

Bank of New York Mellon Corp lowered its position in shares of Relx Plc (NYSE:RELX) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,879 shares of the technology company’s stock after selling 44,432 shares during the period. Bank of New York Mellon Corp’s holdings in Relx were worth $16,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LVW Advisors LLC grew its stake in shares of Relx by 1.7% during the second quarter. LVW Advisors LLC now owns 15,189 shares of the technology company’s stock worth $697,000 after purchasing an additional 248 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Relx by 2.1% during the first quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company’s stock worth $550,000 after purchasing an additional 260 shares in the last quarter. Traveka Wealth LLC boosted its stake in Relx by 4.5% in the second quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company’s stock valued at $281,000 after acquiring an additional 264 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Relx by 2.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock valued at $583,000 after acquiring an additional 287 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Relx by 6.1% in the first quarter. EverSource Wealth Advisors LLC now owns 6,340 shares of the technology company’s stock valued at $261,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

Relx Stock Performance

NYSE RELX opened at $46.20 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 1 year low of $33.13 and a 1 year high of $47.42. The company has a fifty day moving average of $45.88 and a two-hundred day moving average of $44.32.

Relx Cuts Dividend

The firm also recently announced a Semi-Annual 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 of this dividend is 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.