Morgan Stanley Boosts Position in RELX PLC (RELX)
Morgan Stanley boosted its stake in shares of RELX PLC (NYSE:RELX) by 39.8% during the first quarter, Holdings Channel reports. The institutional investor owned 286,972 shares of the technology company’s stock after buying an additional 81,704 shares during the period. Morgan Stanley’s holdings in RELX PLC were worth $5,681,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in RELX. PNC Financial Services Group Inc. increased its position in RELX PLC by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,033 shares of the technology company’s stock valued at $139,000 after buying an additional 2,150 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of RELX PLC by 647.5% in the first quarter. JPMorgan Chase & Co. now owns 11,466 shares of the technology company’s stock worth $227,000 after buying an additional 9,932 shares in the last quarter. PICTET BANK & TRUST Ltd bought a new position in shares of RELX PLC during the first quarter worth approximately $227,000. Quantum Capital Management bought a new position in shares of RELX PLC during the first quarter worth approximately $236,000. Finally, Eqis Capital Management Inc. increased its position in shares of RELX PLC by 30.6% in the first quarter. Eqis Capital Management Inc. now owns 16,157 shares of the technology company’s stock worth $320,000 after buying an additional 3,783 shares in the last quarter. 2.28% of the stock is owned by institutional investors.
Shares of RELX PLC (NYSE:RELX) traded down 0.14% during trading on Monday, hitting $22.07. The stock had a trading volume of 10,227 shares. RELX PLC has a one year low of $16.19 and a one year high of $22.36. The stock’s 50-day moving average price is $21.78 and its 200-day moving average price is $20.30. The company has a market cap of $44.48 billion, a P/E ratio of 27.05 and a beta of 0.79.
The business also recently announced a None dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, August 4th will be issued a dividend of $0.153 per share. This is an increase from RELX PLC’s previous None dividend of $0.14. The ex-dividend date is Wednesday, August 2nd.
ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/07/morgan-stanley-boosts-position-in-relx-plc-relx.html.
RELX has been the subject of a number of analyst reports. BidaskClub downgraded RELX PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ABN Amro raised RELX PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research downgraded RELX PLC from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, UBS AG downgraded RELX PLC from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.00.
About RELX PLC
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
Want to see what other hedge funds are holding RELX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RELX PLC (NYSE:RELX).
Receive News & Ratings for RELX PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RELX PLC and related companies with MarketBeat.com's FREE daily email newsletter.