Goldman Sachs Group Inc. Sells 40,943 Shares of RELX (RELX)

Goldman Sachs Group Inc. lowered its position in shares of RELX (NYSE:RELX) by 9.9% in the fourth quarter, Holdings Channel reports. The fund owned 372,757 shares of the technology company’s stock after selling 40,943 shares during the period. Goldman Sachs Group Inc.’s holdings in RELX were worth $8,834,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new stake in RELX in the fourth quarter valued at about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in RELX in the third quarter valued at about $208,000. Dean Capital Investments Management LLC bought a new stake in RELX in the fourth quarter valued at about $217,000. First Republic Investment Management Inc. bought a new stake in RELX in the third quarter valued at about $228,000. Finally, Assetmark Inc. increased its holdings in RELX by 118,918.2% in the fourth quarter. Assetmark Inc. now owns 13,092 shares of the technology company’s stock valued at $310,000 after purchasing an additional 13,081 shares during the last quarter. Institutional investors own 2.54% of the company’s stock.

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NYSE:RELX opened at $20.89 on Monday. RELX has a 1 year low of $19.57 and a 1 year high of $24.03. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $22,107.30, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71.

The firm also recently announced a None dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be paid a $0.388 dividend. This represents a yield of 3.68%. This is a boost from RELX’s previous None dividend of $0.15. The ex-dividend date is Thursday, April 26th. RELX’s payout ratio is presently 46.60%.

RELX has been the subject of a number of recent analyst reports. Goldman Sachs upgraded RELX from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley downgraded RELX from an “overweight” rating to an “equal weight” rating in a report on Monday, January 22nd. BNP Paribas downgraded RELX from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 31st. Deutsche Bank upgraded RELX from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Barclays downgraded RELX from an “overweight” rating to an “equal weight” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. RELX has a consensus rating of “Hold” and a consensus price target of $24.00.

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About RELX

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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Institutional Ownership by Quarter for RELX (NYSE:RELX)

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