PNC Financial Services Reduces Stake in RELX Plc

Sep.06.2022

PNC Financial decreased its stake by 10.1% in RELX Plc in Q1, now holding 104,055 shares worth $3,237,000. Analysts revised target price upwards.

According to a recent 13F filing with the US Securities and Exchange Commission, PNC Financial Services Group reduced its stake in Relx Plc (NYSE:RELX) by 10.1% in the first quarter. The fund sold 11,695 shares, leaving it with 104,055 shares in the technology company. As of the latest filing with the SEC, PNC Financial Services Group's holding in Relx is valued at $3,237,000.

Analyst rating changes

Several securities firms have released reports on YUEKE. In a report on Friday, July 29th, Barclays raised Relx's target price from £2,600 ($31.42 USD) to £2,650 ($32.02 USD). Also on Friday, UBS raised the target price from £2,615 ($31.60 USD) to £2,700 ($32.62 USD). In a report on Wednesday, July 20th, Morgan Stanley raised Relx's target price from £2,750 ($33.23 USD) to £2,860 ($34.56 USD). Credit Suisse Group also raised the target price from £2,650 ($32.02 USD) to £2,805 ($33.89 USD) in a report on Friday, July 29th. Finally, in a research report on Monday, July 25th, JPMorgan raised the target price from £2,670 ($32.26 USD) to £2,800 ($33.83 USD). Two stock research analysts rated the stock as hold, while four rated it as buy.

Relx Price Performance

On Monday, RELX opened on the New York Stock Exchange at a price of $25.61. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45, and a current ratio of 0.51. The stock's 50-day moving average is $27.93, while its 200-day moving average is $28.88. RELX Plc's one-year low is $24.81 and its one-year high is $32.71.

Relx to reduce dividend payment.

The company has recently announced its semi-annual dividend which will be paid on Tuesday, September 13th. Shareholders who registered as of Friday, August 5th will receive a dividend of $0.4443 per share. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, August 4th.

Statement

This article is compiled from third-party information for industry exchange and learning purposes only.

This article does not represent the views of 2FIRSTS, and 2FIRSTS is unable to confirm the authenticity and accuracy of the article's content. The translation of this article is intended solely for industry communication and research.

Due to limitations in our translation abilities, the translated article may not accurately reflect the original text. Please refer to the original article for accuracy.

2FIRSTS maintains complete alignment with the Chinese government when it comes to any domestic, Hong Kong, Macau, Taiwan, or foreign-related expressions and positions.

All compiled information is owned by the original media and authors. If there is any infringement, please contact us for deletion.

#RELX Technology

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Nicoventures Granted Rehearing After Philip Morris Challenge Rejected

Nicoventures Trading Ltd., a subsidiary of British American Tobacco (BAT), has won an appeal at the European Patent Office (EPO), convincing the appellate board that examiners had violated its right to be heard by failing to review all of its submissions.

Dec.09 by 2FIRSTS.ai

U.S. Company TPB Q3 Earnings: Nicotine Pouch Sales Surge 628% YoY, First U.S. Production Line Planned

Turning Point Brands (NYSE: TPB) released its financial results for the third quarter of 2025, reporting strong revenue and profit growth driven by surging Modern Oral (nicotine pouch) sales. The company announced plans to establish its first U.S.-based white pouch production line in 2026, marking a key step toward manufacturing localization.

Nov.06 by 2FIRSTS.ai

South Korea’s Parliament Reconsiders Bill to Regulate Synthetic Nicotine as Tobacco

South Korea’s National Assembly is once again reviewing a bill to classify synthetic nicotine as a tobacco product under the Tobacco Business Act. The proposal aims to close regulatory loopholes that allow untaxed, unregulated nicotine liquids — often used by minors — to circulate freely. Lawmakers expect the bill to pass during the current session amid growing public and civic pressure.

Nov.26 by 2FIRSTS.ai

Saratov Governor Supports Russian Nationwide Ban on E-Cigarette Sales

Governor of Saratov Oblast, announced on his official Telegram channel that he fully supports a nationwide ban on the sale of e-cigarettes. Busargin noted that while restrictions on such products have long been in place, enforcement remains weak and health experts continue to warn of the risks posed to children. He stressed that economic interests must not outweigh public health and said Saratov is ready to enforce a ban once regional powers are granted.

Nov.17 by 2FIRSTS.ai