JPMorgan Chase & Co. Increases Stake in Relx Plc

JPMorgan Chase & Co. has raised its investment in Relx Plc (NYSE:RELX - Free Report) by 14.6% during the third quarter, as indicated in their latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC). Following this adjustment, JPMorgan now owns 826,481 shares of the technology firm’s stock, having acquired an additional 104,999 shares during this period. As reported, the value of JPMorgan's holdings in Relx stood at $39,225,000 according to their most recent filing.

In addition to JPMorgan, other significant investors have also adjusted their positions in Relx. For instance, Private Trust Co. NA increased its stake by 119.9% in the third quarter, now holding 1,038 shares valued at approximately $49,000 after purchasing 566 more shares in the last quarter. Similarly, Ashton Thomas Private Wealth LLC acquired a new stake during the second quarter worth about $107,000. Wilmington Savings Fund Society FSB also entered the scene by acquiring shares valued at around $125,000 in the third quarter. Additionally, Cullen Frost Bankers Inc. enhanced its holdings in Relx by 119.0% during the second quarter, bringing its total to 2,742 shares valued at $126,000 after adding 1,490 shares in the previous quarter. Lastly, Grove Bank & Trust increased its stake by 10.2% in the third quarter, now owning 3,758 shares worth $178,000 after acquiring an additional 348 shares. Currently, institutional investors collectively hold 15.02% of the company's stock.

Insights from Wall Street Analysts

Recent evaluations from research firms regarding Relx have varied. StockNews.com commenced coverage on Relx shares, providing a "hold" rating in a report released on October 30th. Conversely, Citigroup upgraded Relx to a "strong-buy" rating in a report dated September 17th.

Current Trading Status of Relx Stock

As of Monday, RELX shares opened at $45.43, illustrating a slight increase of 0.2%. The stock's 50-day moving average stands at $46.60, while the two-hundred day moving average is at $46.52. Relx has a market capitalization of $84.56 billion, a price-to-earnings (P/E) ratio of 26.88, a price-to-earnings-growth (PEG) ratio of 3.53, and a beta value of 0.89. Over the last 52 weeks, shares have peaked at $48.91 and dropped as low as $39.15.

Overview of Relx Company

RELX PLC, along with its subsidiaries, offers information-based analytics and decision-making tools tailored for professional and business clients across North America, Europe, and other international markets. The operations of the company are categorized into four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment is focused on providing analytics and decision tools that merge industry-specific content and technology to help clients evaluate and predict risk.

JPMorgan, Investment, Relx