Ninety One UK 13F: Cuts The Goldman Sachs (GS) Stake by $208M

Ninety One UK made a sharp cut to its investment in The Goldman Sachs Group, Inc. (NYSE: GS), according to a regulatory filing published on October 15, 2026. Because Form 13F filings look backward at past quarters, these numbers reflect holdings at a prior date and may not represent the firm's current position.

Inside Ninety One UK's Goldman Sachs Trade

Ninety One UK sold off the vast majority of its investment during the period, shedding 230,751 shares. That resulted in a 98.8% decrease, cutting the firm's position down to just 2,841 shares. The remaining stake carried a reported value of about $2.6 million at the time of the filing.

Other Institutional Activity in The Goldman Sachs Group, Inc.

Other large funds made adjustments to their own positions around the same reporting period. Blackrock Inc. reduced its holdings by 88,760 shares, ending with 23,900,376 shares worth about $21.1 billion. State Street Corporation trimmed its stake by 425,558 shares, leaving 18,830,464 shares valued at roughly $16.6 billion. Meanwhile, Vanguard Capital Management LLC grew its holdings by 38,613 shares, ending with 18,425,670 shares worth about $16.2 billion. JPMORGAN CHASE & CO added 823,317 shares for a total of 8,039,070 shares valued at approximately $7.1 billion. Vanguard Portfolio Management LLC grew its stake by 7,208 shares, finishing with 7,215,421 shares worth about $6.4 billion.

The Goldman Sachs Group, Inc. Stock Up 0.1%

Shares recently traded around $879.74, sitting below both the 50-day and 200-day moving averages. The stock trades well below its 52-week high of $1,153.99 while holding above its 52-week low of $740.01.

Recent Earnings

The company generated $71.0 billion in trailing-twelve-month revenue and posted diluted earnings per share of $69.55. Profitability remained strong with a net margin of 31.2% and a return on equity of 17.8%. The financial institution is scheduled to report its next set of financial results on January 19, 2027.

Dividend

Investors receive an annual dividend yield of 2.24%, supported by a dividend payout ratio of 26.2%.

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

Company insiders executed several transactions prior to the filing. Chief Financial Officer Denis P. Coleman disposed of 6,857 shares in a transaction valued at $6.7 million on May 14, 2026. Officer Ericka T Leslie completed three separate transactions, starting with a sale of 250 shares valued at $287,951 on July 15, 2026, followed by a sale of 175 shares worth $184,445 on August 4, 2026, and a sale of 600 shares at $1,033.80 apiece for a total value of $620,280 on August 28, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 6, 2026, BMO Capital maintained its market perform rating while lowering its price target to $970.00 from $972.00. TD Cowen initiated coverage with a buy rating and a $1,050.00 price target on October 8, 2026. Citigroup maintained a neutral rating while adjusting its target down to $1,000.00 from $1,050.00 on October 14, 2026. Keefe, Bruyette & Woods kept a market perform rating with a target of $1,100.00 down from $1130.00 on October 14, 2026. RBC Capital maintained a sector perform rating and lowered its target from $1220.00 to $1,010.00 on October 14, 2026. Across the street, the consensus rating sits at hold with a mean price target of $1,037.90 based on 21 analyst opinions.

About The Goldman Sachs Group, Inc.

Headquartered in New York, The Goldman Sachs Group, Inc. operates as a major financial institution providing banking, asset management, and wealth services to corporations, governments, and individual clients worldwide through units spanning global banking, asset management, and platform solutions.

Bottom Line

Ninety One UK's dramatic reduction in Goldman Sachs shares highlights shifting institutional portfolios in the financial sector. Observers will want to watch the upcoming earnings release on January 19, 2027, for further insight into the firm's ongoing performance. 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.