5 Best Large-Cap Value Stocks To Buy

1. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 112
P/E Ratio as of June 24: 10.25

JPMorgan Chase & Co. (NYSE:JPM) tops our list of the best value stocks in the large-cap space. In the first quarter of 2023, the financial services company returned $3 billion to shareholders in dividends. It generated $38.3 billion in revenues during the quarter, up by 24.8% from the prior-year period.

At the end of March, 112 hedge funds tracked by Insider Monkey were bullish on JPMorgan Chase & Co. (NYSE:JPM), up from 100 in the previous quarter. These stakes have an aggregate value of over $4.1 billion.

Mairs & Power mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q1 2023 investor letter. Here is what the firm has to say:

“Financials were roiled in the quarter thanks to the Silicon Valley Bank and Signature Bank failures. Even though the Fund has a similar weight to Financials as the index, our bank stocks—US Bank (USB), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo (WFC), and Charles Schwab (SCHW)—fell more than the Financials sector and hurt relative performance. We have performed a thorough analysis of our banking stocks and believe that they will exit this banking event intact, and a few may even benefit from the sector turmoil. For example, JP Morgan, one of the banks deemed “too-big-to-fail,” has benefited from an inflow of deposits from smaller institutions. As such, the Fund took advantage of the volatility in the quarter and added to its position.

With the selloff in the quarter, we have added to US Bank selectively, but more so to JPMorgan as it appears better positioned to gather deposits in the current environment.”

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