QRG Capital Management Inc. Acquires 4,318 Shares of Relx Plc (NYSE:RELX)

QRG Capital Management Inc. raised its holdings in Relx Plc (NYSE:RELX) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 211,016 shares of the technology company’s stock after acquiring an additional 4,318 shares during the quarter. QRG Capital Management Inc.’s holdings in Relx were worth $9,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RELX. Frazier Financial Advisors LLC bought a new stake in shares of Relx during the fourth quarter valued at approximately $35,000. Parkside Financial Bank & Trust raised its position in Relx by 81.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock valued at $36,000 after purchasing an additional 407 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares during the period. Timber Creek Capital Management LLC bought a new position in shares of Relx during the 1st quarter worth $43,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Relx by 90.9% during the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after buying an additional 468 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Relx in a research note on Tuesday. They issued a “hold” rating for the company.

Relx Stock Up 1.0 %

Relx stock traded up $0.44 during mid-day trading on Friday, reaching $45.09. 455,021 shares of the company were exchanged, compared to its average volume of 841,441. Relx Plc has a 12-month low of $31.38 and a 12-month high of $47.42. The business has a fifty day moving average of $45.58 and a 200 day moving average of $43.74. The firm has a market cap of $84.24 billion, a P/E ratio of 26.22, a PEG ratio of 2.74 and a beta of 0.89. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52.

Relx Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be given a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 2nd. Relx’s payout ratio is currently 27.33%.

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.