Relx (NYSE:RELX) Sees Unusually-High Trading Volume

Relx Plc (NYSE:RELX) saw unusually-high trading volume on Thursday . Approximately 1,628,122 shares traded hands during mid-day trading, an increase of 60% from the previous session’s volume of 1,020,686 shares.The stock last traded at $42.06 and had previously closed at $42.17.

Analysts Set New Price Targets

RELX has been the subject of several research analyst reports. Berenberg Bank cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Relx Price Performance

The stock’s 50-day simple moving average is $42.89 and its two-hundred day simple moving average is $39.21. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be given a $0.526 dividend. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 2nd.

Institutional Investors Weigh In On Relx

Hedge funds have recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Relx in the fourth quarter valued at $16,120,000. Invesco Ltd. grew its holdings in Relx by 11.2% during the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after acquiring an additional 131,711 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of Relx by 10.7% in the 3rd quarter. Atria Investments Inc now owns 58,440 shares of the technology company’s stock valued at $1,969,000 after buying an additional 5,635 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Relx in the 3rd quarter valued at about $1,560,000. Finally, Royal Bank of Canada boosted its holdings in shares of Relx by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock valued at $53,070,000 after buying an additional 43,644 shares in the last quarter. Hedge funds and other 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.