Hedge Funds Love These 5 Value Stocks

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

Number of Hedge Fund Holders: 110

PE Ratio: 9.32

JPMorgan Chase & Co. (NYSE:JPM) is a bank holding company based in the United States. It offers a range of financial services including asset management, loans, brokerage and market research.

On May 24, BMO Capital analyst James Fotheringham kept a ‘Market Perform’ rating on JPMorgan Chase & Co. (NYSE:JPM) shares and bumped the price target to $156 from $150. He thinks the company will be a long-term market share winner among global banks, but sees a number of headwinds offsetting the near-term benefits of growing credit demand and rising interest rates.

In the first quarter, JPMorgan Chase & Co. (NYSE:JPM) recorded revenue of $30.72 billion, outperforming estimates by $318.5 million. Earnings per share came in below estimates by $0.08.

A total of 110 hedge funds were bullish on JPMorgan Chase & Co. (NYSE:JPM) at the close of Q1 2022, with combined holdings worth $5.05 billion. This shows growing investor confidence in the company over the previous quarter, where 107 hedge funds owned positions in the firm. Fisher Asset Management, with 7.76 million shares valued at $1.05 billion, was the largest shareholder of JPMorgan Chase & Co. (NYSE:JPM) at the end of Q1 2022.

Investment firm ClearBridge Investments highlighted a few stocks in its Q4 2021 investor letter, and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here’s what the fund said:

“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 Blue Chip Dividend Stocks Hedge Funds Are Buying and 10 Best Real Estate Stocks To Buy Now.

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