Relx (NYSE:RELX) Upgraded by Barclays to “Overweight” Rating

Barclays upgraded shares of Relx (NYSE:RELX) from an equal weight rating to an overweight rating in a report published on Friday morning, MarketBeat Ratings reports.

RELX has been the subject of several other reports. Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Relx Trading Up 2.5 %

RELX opened at $48.99 on Friday. Relx has a 1-year low of $40.25 and a 1-year high of $51.99. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a market cap of $91.04 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a fifty day moving average price of $48.86 and a two-hundred day moving average price of $47.59.

Relx Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. Relx’s payout ratio is presently 59.68%.

Institutional Investors Weigh In On Relx

Several hedge funds and other institutional investors have recently made changes to their positions in RELX. Ameriprise Financial Inc. boosted its holdings in Relx by 368.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock worth $127,437,000 after purchasing an additional 2,208,119 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Relx during the fourth quarter worth about $44,516,000. Northern Trust Corp boosted its holdings in Relx by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company’s stock worth $99,542,000 after purchasing an additional 745,532 shares during the last quarter. Bank of Montreal Can boosted its holdings in Relx by 290.3% during the fourth quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock worth $40,277,000 after purchasing an additional 659,547 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Relx by 50.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock worth $89,420,000 after purchasing an additional 658,655 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.