Vanguard Personalized Indexing Management LLC Acquires 9,887 Shares of Relx Plc (NYSE:RELX)

Vanguard Personalized Indexing Management LLC increased its stake in Relx Plc (NYSE:RELX) by 17.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 66,389 shares of the technology company’s stock after buying an additional 9,887 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Relx were worth $2,988,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in Relx in the fourth quarter valued at about $35,000. Financial Management Professionals Inc. raised 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 purchasing an additional 571 shares during the period. Timber Creek Capital Management LLC bought a new stake in shares of Relx in the 1st quarter worth approximately $43,000. Pinnacle Bancorp Inc. lifted its stake in Relx by 90.9% in the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after purchasing an additional 468 shares during the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Relx during the second quarter valued at $52,000. Institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

NYSE:RELX opened at $48.14 on Friday. Relx Plc has a 1 year low of $33.13 and a 1 year high of $48.24. The stock’s fifty day moving average price is $46.20 and its two-hundred day moving average price is $44.55. 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 was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were issued a dividend of $0.234 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a yield of 1.6%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. Citigroup raised shares of Relx to a “strong-buy” rating in a report on Tuesday.

Relx 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.