Relx (NYSE:RELX) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Relx (NYSE:RELX) from an equal weight rating to an overweight rating in a report released on Friday, Marketbeat.com reports.

Other research analysts have also issued reports about the company. Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Relx Stock Performance

Shares of Relx stock opened at $48.99 on Friday. The stock has a market cap of $91.04 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 2.73 and a beta of 0.90. The company’s fifty day moving average is $48.86 and its 200 day moving average is $47.61. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx has a twelve month low of $40.25 and a twelve month high of $51.99.

Relx Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is presently 59.68%.

Hedge Funds Weigh In On Relx

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised 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 buying an additional 2,208,119 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Relx in the fourth quarter valued at approximately $44,516,000. Northern Trust Corp boosted its position in shares of Relx by 51.6% during the fourth quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company’s stock valued at $99,542,000 after buying an additional 745,532 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Relx by 290.3% in the 4th quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock worth $40,277,000 after acquiring an additional 659,547 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Relx by 50.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company’s stock valued at $89,420,000 after purchasing an additional 658,655 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

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.