Relx Plc (NYSE:RELX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Relx Plc (NYSE:RELX) by 14.6% during the third quarter, Holdings Channel.com reports. The fund owned 826,481 shares of the technology company’s stock after acquiring an additional 104,999 shares during the quarter. JPMorgan Chase & Co.’s holdings in Relx were worth $39,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of Relx by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 16,145 shares of the technology company’s stock valued at $741,000 after buying an additional 316 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Relx by 8.8% in the 2nd quarter. Rhumbline Advisers now owns 30,808 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 2,479 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Relx by 119.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company’s stock valued at $126,000 after purchasing an additional 1,490 shares during the period. Caprock Group LLC increased its stake in Relx by 188.4% in the 2nd quarter. Caprock Group LLC now owns 34,689 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 22,659 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Relx during the 2nd quarter worth about $107,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RELX. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com began coverage on Relx in a report on Wednesday, October 30th. They issued a “hold” rating on the stock.

Relx Trading Up 0.2 %

RELX opened at $45.43 on Monday. Relx Plc has a 1 year low of $39.15 and a 1 year high of $48.91. The stock has a fifty day moving average price of $46.60 and a 200 day moving average price of $46.52. The stock has a market cap of $84.56 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.53 and a beta of 0.89.

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.