Royal Bank of Canada Boosts Stake in Relx Plc by 12.1% Amid Increased Institutional Investor Interest

Royal Bank of Canada has increased its stake in Relx Plc (NYSE:RELX) by purchasing an additional 187,132 shares during the first quarter. The firm now owns 1,736,295 shares of the technology company's stock, representing a 12.1% increase from the previous quarter.

This investment is worth approximately $57,558,000 at the end of the most recent quarter, accounting for about 0.10% of Relx Plc's outstanding shares. Other institutional investors have also made significant changes to their holdings in RELX, with Annis Gardner Whiting Capital Advisors LLC buying a new stake worth around $26,000.

The stock currently has an average rating of 'Moderate Buy' among analysts, with one research analyst giving it a Strong Buy rating and four issuing a Buy rating. However, the Goldman Sachs Group has started coverage on shares of Relx with a Buy rating.