5 Best Undervalued Stocks to Buy Now

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

Number of Hedge Fund Holders: 110

PE Ratio as of June 24: 8.67

At the close of Q1 2022, 110 hedge funds were bullish on JPMorgan Chase & Co. (NYSE:JPM) and held stakes of $5.05 billion in the major bank. Of these $1.05 billion was attributed to Ken Fisher’s hedge fund. Fisher Asset Management raised its stakes in JPMorgan Chase & Co. (NYSE:JPM) by 5% in the first quarter of 2022 and is the top hedge fund investor in the company.

As of this May, Societe Generale analyst Andrew Lim has a $150 price target and Buy rating on JPMorgan Chase & Co. (NYSE:JPM). 

As of June 24, JPMorgan Chase & Co. (NYSE:JPM) has a PE ratio of 8.67 and a dividend yield of 3.54%.

Here is what ClearBridge Investments said about JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2021 investor letter:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”

You can also take a look at 10 Undervalued Dividend Kings To Buy In 2022 and 10 Undervalued Dividend Aristocrats to Buy in 2022.

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