Relx (NYSE:RELX) Raised to “Strong-Buy” at Citigroup

Citigroup upgraded shares of Relx (NYSE:RELX) to a strong-buy rating in a report published on Tuesday morning, Zacks.com reports.

Separately, StockNews.com cut shares of Relx from a buy rating to a hold rating in a research report on Saturday, August 31st.

Relx Stock Performance

NYSE RELX opened at $48.14 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The stock’s fifty day moving average is $46.20 and its two-hundred day moving average is $44.55. The firm has a market capitalization of $89.93 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89. Relx has a fifty-two week low of $33.13 and a fifty-two week high of $48.24.

Relx Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.234 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd. Relx’s dividend payout ratio is presently 27.17%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Capital International Investors raised its holdings in shares of Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock valued at $381,529,000 after buying an additional 1,623,705 shares during the period. Optiver Holding B.V. purchased a new stake in Relx during the fourth quarter worth about $21,983,000. Captrust Financial Advisors lifted its position in shares of Relx by 185.6% during the first quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock worth $28,977,000 after purchasing an additional 434,963 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Relx by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after purchasing an additional 399,101 shares during the period. Finally, Norges Bank acquired a new position in shares of Relx in the fourth quarter valued at approximately $12,255,000. 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.