Relx (NYSE:RELX) Sees Large Volume Increase

Relx Plc (NYSE:RELX) shares saw unusually-strong trading volume on Monday . Approximately 1,734,796 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 1,115,867 shares.The stock last traded at $41.90 and had previously closed at $41.77.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday. Berenberg Bank cut Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Relx Stock Up 0.4 %

The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The company has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $39.76.

Relx Increases Dividend

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

Hedge Funds Weigh In On Relx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Relx in the 4th quarter valued at $16,120,000. Invesco Ltd. increased its stake in shares of Relx by 11.2% in the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock valued at $44,011,000 after purchasing an additional 131,711 shares during the last quarter. Atria Investments Inc increased its stake 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 purchasing an additional 5,635 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Relx in the 3rd quarter valued at $1,560,000. Finally, Royal Bank of Canada increased its stake 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 purchasing an additional 43,644 shares during the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

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.