Zacks Investment Research cut shares of RELX Group (NYSE:RELX) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Relx PLC is engaged in providing information solutions. Its products and services comprise intellectual property content delivered through various media, including online, journals and books. The Company’s operating segments consists of Scientific, Technical & Medical, Risk & Business Information; Legal and Exhibitions. RELX PLC, formerly known as Reed Elsevier PLC, is based in LONDON, United Kingdom. “

Several other equities research analysts have also recently commented on the stock. Barclays cut shares of RELX Group from an overweight rating to an equal weight rating in a research report on Monday, February 12th. Deutsche Bank raised shares of RELX Group from a hold rating to a buy rating in a research report on Friday, February 9th. BNP Paribas cut shares of RELX Group from a neutral rating to an underperform rating in a research report on Wednesday, January 31st. Morgan Stanley cut shares of RELX Group from an overweight rating to an equal weight rating in a research report on Monday, January 22nd. Finally, Goldman Sachs raised shares of RELX Group from a neutral rating to a buy rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $23.00.

NYSE:RELX opened at $21.69 on Tuesday. RELX Group has a 12 month low of $20.31 and a 12 month high of $24.03. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.48 and a quick ratio of 0.43. The stock has a market capitalization of $23,014.34, a PE ratio of 21.06, a P/E/G ratio of 2.12 and a beta of 0.66.

The firm also recently declared a None dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be given a dividend of $0.388 per share. This is a boost from RELX Group’s previous None dividend of $0.15. This represents a yield of 3.68%. The ex-dividend date of this dividend is Thursday, April 26th. RELX Group’s dividend payout ratio (DPR) is 46.60%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position in RELX Group by 1.8% during the 4th quarter. Lazard Asset Management LLC now owns 955,909 shares of the technology company’s stock valued at $22,655,000 after acquiring an additional 16,712 shares during the period. Envestnet Asset Management Inc. lifted its position in RELX Group by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 221,624 shares of the technology company’s stock valued at $5,253,000 after acquiring an additional 7,105 shares during the period. Parametric Portfolio Associates LLC lifted its position in RELX Group by 10.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 886,660 shares of the technology company’s stock valued at $19,817,000 after acquiring an additional 81,262 shares during the period. William Blair Investment Management LLC lifted its position in RELX Group by 14.5% during the 4th quarter. William Blair Investment Management LLC now owns 286,645 shares of the technology company’s stock valued at $6,793,000 after acquiring an additional 36,374 shares during the period. Finally, Aperio Group LLC lifted its position in RELX Group by 6.1% during the 4th quarter. Aperio Group LLC now owns 857,685 shares of the technology company’s stock valued at $20,327,000 after acquiring an additional 49,423 shares during the period. 2.52% of the stock is owned by institutional investors.

RELX Group Company Profile

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

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