5 Best Slow Growth Stocks To Buy According To Hedge Funds

4. JPMorgan Chase & Co (NYSE:JPM)

Number of Hedge Fund Investors: 109

JPMorgan Chase & Co (NYSE:JPM) ranks 4th in our list of the best slow growth stocks to buy according to hedge funds. In November, Jefferies shared a stock screen that identifies high quality US stocks with over $5 billion market cap, 12-month forward total yield (dividend + buyback yield) above the S&P 500 median, next two-year ROE and LTM ROIC over 10% and net debt to market cap (latest) less than 30%. JPMorgan Chase & Co (NYSE:JPM) was among the top stocks in this screen.

A total of 109 hedge funds in Insider Monkey’s database of 910 hedge funds had stakes in JPMorgan Chase & Co (NYSE:JPM).

Mairs & Power Growth Fund made the following comment about JPMorgan Chase & Co. (NYSE:JPM) in its Q3 2023 investor letter:

“We believe AI will have the largest impact in the near term on large enterprises that can harness AI to increase the productivity of their workforces and improve the experience of their customers. For instance, JPMorgan Chase & Co. (NYSE:JPM) employs more than 900 data scientists, 200 AI researchers, and 600 machine learning engineers, and is building out its own AI data center. The company expects to deliver more than $1.5 billion in business value from AI efforts in 2023.”