Relx (NYSE:RELX) Upgraded to “Strong-Buy” by Citigroup

Citigroup upgraded shares of Relx (NYSE:RELX) to a strong-buy rating in a research note released on Tuesday, Zacks.com reports.

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

Relx Trading Down 0.3 %

RELX opened at $47.99 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The stock’s fifty day simple moving average is $46.23 and its 200 day simple moving average is $44.58. Relx has a 1-year low of $33.13 and a 1-year high of $48.24.

Relx Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Capital International Investors increased its position in Relx by 22.6% during the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after buying an additional 1,623,705 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Relx by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after purchasing an additional 399,101 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Relx by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock worth $136,155,000 after purchasing an additional 169,284 shares during the period. Clearbridge Investments LLC increased its position in shares of Relx by 7.2% in 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, Captrust Financial Advisors increased its position in shares of Relx by 185.6% in the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after purchasing an additional 434,963 shares during the period. Institutional investors own 15.02% of the company’s stock.

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.