Ninety One SA (Pty) 13F: Exits The Goldman Sachs (GS) Stake

Ninety One SA (Pty) has closed out its investment in The Goldman Sachs Group, Inc. (NYSE: GS), selling its entire stake during the period. Institutional 13F filings filed with the SEC show the fund's latest move, though these quarterly disclosures look backward and may not reflect current holdings.

Inside Ninety One SA's Goldman Sachs Trade

In a Form 13F filing on October 15, 2026, Ninety One SA reported selling all 8,494 shares it previously held in Goldman Sachs. The complete exit dropped the fund's share count down to zero, erasing its entire position in the financial institution.

Other Institutional Activity in Goldman Sachs

Other large money managers also adjusted their positions around the same reporting window. Blackrock Inc. reduced its holdings by 88,760 shares, ending with 23,900,376 shares worth about $21,062,445,587. State Street Corporation cut its stake by 425,558 shares, leaving it with 18,830,464 shares valued at roughly $16,594,534,888. 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 to hold 8,039,070 shares valued at approximately $7,084,510,906. Vanguard Portfolio Management LLC grew its stake by 7,208 shares to own 7,215,421 shares worth about $6,358,661,980.

The Goldman Sachs Group, Inc. Stock Up 0.1%

Goldman Sachs shares recently traded around $879.74 as of October 16, 2026. The stock sits below its 50-day moving average of $977.87 and below its 200-day moving average of $959.61. Over the past year, the shares have traded as low as $740.01 and as high as $1,153.99.

Recent Earnings

The company reported trailing-twelve-month revenue of $71,036,002,304 and earnings of $69.55 per share. Goldman Sachs posted a net profit margin of 31.2% and a return on equity of 17.8%. Year-over-year revenue growth came in at 23.3%. The company's next earnings report is expected on January 19, 2027.

Dividend

Goldman Sachs pays an annual dividend with a yield of 2.24% and a payout ratio of 26.2%.

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

Company insiders also made trades prior to the filing. 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 600 shares worth $620,280 at a price of $1,033.80 on August 28, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October 2026. On October 6, 2026, BMO Capital maintained a Market Perform rating with a $970.00 price target. On October 8, 2026, TD Cowen initiated coverage with a Buy rating and a $1050.00 price target. Citigroup maintained a Neutral rating with a price target lowered to $1000.00 on October 14, 2026. Keefe, Bruyette & Woods maintained a Market Perform rating and lowered its target to $1100.00 on October 14, 2026. RBC Capital maintained a Sector Perform rating and lowered its target to $1010.00 on October 14, 2026. The stock carries a consensus hold rating from 21 analysts, with a mean price target of $1037.90.

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 through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments.

Bottom Line

Institutional filings like this one show past portfolio adjustments from months prior. Investors tracking Goldman Sachs will look toward the upcoming earnings release on January 19, 2027, for updated financial results.