Ninety One North America 13F: Exits The Goldman Sachs (GS) Stake

Ninety One North America has completely exited its investment in The Goldman Sachs Group, Inc. (NYSE: GS), selling off its entire holding of shares. The disclosure was made in a Form 13F filing submitted to the Securities and Exchange Commission on October 15, 2026. Because 13F reports look backward at the previous quarter, this filing shows the fund's positioning as of that date and may not reflect its current portfolio.

Inside Ninety One North America's Goldman Sachs Trade

In the filing on October 15, 2026, Ninety One North America reported selling out of its position entirely. The fund cut its holdings by 3,525 shares, taking its stake from 3,525 shares down to zero.

Other Institutional Activity in The Goldman Sachs Group, Inc.

Other large funds have also adjusted their portfolios around the banking giant. Blackrock Inc. reduced its holdings by 88,760 shares, ending with 23,900,376 shares worth about $21,062,445,587. State Street Corporation trimmed its stake by 425,558 shares to hold 18,830,464 shares valued at roughly $16,594,534,888. Meanwhile, Vanguard Capital Management LLC grew its holdings by 38,613 shares, ending with 18,425,670 shares worth about $16,237,806,124. JPMORGAN CHASE & CO added 823,317 shares, finishing with 8,039,070 shares valued at approximately $7,084,510,906. Vanguard Portfolio Management LLC grew its stake by 7,208 shares to hold 7,215,421 shares worth about $6,358,661,980.

The Goldman Sachs Group, Inc. Stock Up 0.1%

The stock recently traded around $879.74 as of October 16, 2026. That puts the shares below their 50-day moving average of $977.87 and under the 200-day moving average of $959.61. The company has a 52-week low of $740.01 and a 52-week high of $1,153.99.

Recent Earnings

The firm generated $71,036,002,304 in trailing-twelve-month revenue and posted trailing earnings of $69.55 per share. Goldman Sachs reported a net margin of 31.2% and a return on equity of 17.8%. The company's next earnings report is scheduled for January 19, 2027.

Dividend

The company pays an annual dividend yielding 2.24%, supported by a dividend payout ratio of 26.2%.

Insider Buying and Selling at The Goldman Sachs Group, Inc.

Company insiders have also made stock transactions in recent months. Chief Financial Officer Denis P. Coleman sold 6,857 shares valued at $6,675,613 on May 14, 2026. Officer Ericka T Leslie sold 250 shares worth $287,951 on July 15, 2026, followed by a sale of 175 shares worth $184,445 on August 4, 2026, and another sale of 600 shares worth $620,280 on August 28, 2026.

Analysts Set New Price Targets

Analyst firms have updated their outlooks on the stock ahead of upcoming reports. On October 6, 2026, BMO Capital maintained its market perform rating with a target of $970.00. TD Cowen initiated coverage on October 8, 2026, with a buy rating and a $1,050.00 price target. Citigroup maintained a neutral rating with a $1,000.00 target on October 14, 2026. On the same day, Keefe, Bruyette & Woods kept a market perform rating with a $1,100.00 target, while RBC Capital maintained a sector perform rating and lowered its target to $1,010.00. Overall, the stock carries a consensus hold rating from 21 analysts, with a mean price target of $1,037.90.

About The Goldman Sachs Group, Inc.

Headquartered in New York, Goldman Sachs provides financial services to corporations, financial institutions, governments, and individuals worldwide. The firm operates across global banking and markets, asset and wealth management, and platform solutions, playing a central role in global capital markets.

Bottom Line

Ninety One North America's complete exit removes Goldman Sachs from its portfolio for now. Investors tracking institutional moves will look to subsequent 13F filings to see if other asset managers follow suit or if the bank's upcoming earnings report in January shifts market sentiment. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.