PNC Financial Services Reduces Stake in RELX Plc

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.