California State Teachers Retirement System 13F: Cuts AXP Stake by $9.8M
California State Teachers Retirement System has trimmed its position in American Express Company (AXP) by 28,827 shares, reflecting a 3.37% decrease.
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California State Teachers Retirement System sold 28,827 shares from its stake in American Express Company ($AXP), a 3.37% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 826,577 shares worth $279.59 million at the end of the quarter.
Since the filing, $AXP is down 0.5% after 1 week, up 9.1% after 1 month and up 1.0% to date (from the $310.43 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
AXP
American Express Company
Key Points
- California State Teachers Retirement System trimmed its stake in American Express by 28,827 shares, reducing its total to 826,577 shares valued at about $279.6 million as of May 18, 2026.
- American Express shares closed at $338.25 on the day of publication, well above its 52-week low of $290.97 but below its 52-week high of $387.49.
- Analysts maintain a consensus rating of 'buy' for American Express with a mean price target of $369.44, indicating potential for growth from current levels.
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California State Teachers Retirement System Cuts Stake in American Express
California State Teachers Retirement System trimmed its position in American Express Company (NYSE: AXP) by 28,827 shares, reducing its total to 826,577 shares. The value of this stake is approximately $279.6 million as of the latest filing on May 18, 2026. This move reflects a 3.37% decrease in their holdings.
Understanding the Change in Position
The California State Teachers Retirement System has reduced its stake in American Express from 855,404 shares to 826,577 shares. This decrease of 28,827 shares shows a strategic adjustment in their portfolio, possibly reflecting a shift in investment strategy or market outlook.
Institutional Activity in American Express
No other funds reported changes in their positions in American Express during this filing period, indicating a stable landscape among institutional investors for this stock.
Stock Performance and Market Context
American Express shares were trading at $338.25 on the day of publication. This price is significantly above its 52-week low of $290.97 and suggests that the stock has shown resilience in the market. However, it remains below its 52-week high of $387.49, which may influence future investor sentiment.
Analysts Set New Price Targets
On October 12, 2026, Morgan Stanley maintained an 'Equal-Weight' rating on American Express with a price target of $380. JP Morgan also kept its 'Overweight' rating with a target of $360, while RBC Capital maintained an 'Outperform' rating with a target of $400. Overall, analysts have a consensus 'buy' rating for the stock with a mean target price of $369.44, indicating potential for growth.
What American Express Company Does
American Express Company operates as a major integrated payments firm, offering a variety of credit and charge cards, banking products, and services. The company serves consumers and businesses globally, focusing on enhancing customer experience through various financial solutions.
What's Ahead for American Express Company
The next earnings report for American Express is scheduled for October 23, 2026. It's important to note that this recent filing reflects positions as of May 18 and may not represent current holdings. Investors will be watching for any further updates from California State Teachers Retirement System and other institutional investors regarding their positions.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $AXP (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts