SG Americas Securities LLC Boosts Stock Position in Relx PLC (NYSE:RELX)

SG Americas Securities LLC raised its position in shares of Relx PLC (NYSE:RELX) by 95.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,651 shares of the technology company’s stock after purchasing an additional 59,075 shares during the quarter. SG Americas Securities LLC’s holdings in Relx were worth $2,945,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Wealth Inc. purchased a new stake in Relx during the 1st quarter valued at about $30,000. Icon Wealth Partners LLC purchased a new stake in Relx during the 1st quarter valued at about $32,000. Zions Bancorporation N.A. purchased a new stake in Relx during the 1st quarter valued at about $42,000. Parallel Advisors LLC grew its stake in Relx by 1,003.9% during the 1st quarter. Parallel Advisors LLC now owns 2,826 shares of the technology company’s stock valued at $61,000 after purchasing an additional 2,570 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. grew its stake in Relx by 27.0% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 3,487 shares of the technology company’s stock valued at $85,000 after purchasing an additional 741 shares during the last quarter. Institutional investors and hedge funds own 5.21% of the company’s stock.

Relx stock opened at $23.58 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 2.58. The company’s 50-day moving average price is $24.17. The stock has a market cap of $24.77 billion, a P/E ratio of 20.87, a PEG ratio of 3.11 and a beta of 0.47. Relx PLC has a fifty-two week low of $19.23 and a fifty-two week high of $24.99.

The business also recently announced a dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 2nd will be paid a $0.17 dividend. This is an increase from Relx’s previous dividend of $0.16. The ex-dividend date is Thursday, August 1st. Relx’s dividend payout ratio is presently 30.09%.

Separately, Zacks Investment Research upgraded Relx from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, July 31st.

Relx Profile

RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.

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Institutional Ownership by Quarter for Relx (NYSE:RELX)

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