5 Most Undervalued Value Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 110

One of the biggest banks in the world, JPMorgan Chase & Co. (NYSE:JPM) ranks 2nd in our list of the most undervalued value stocks to buy according to hedge funds. Of the 920 hedge funds tracked by Insider Monkey, 110 funds had stakes in JPMorgan Chase & Co. (NYSE:JPM) as of the end of the third quarter. The total value of these stakes was $6.4 billion. The biggest stakeholder of JPMorgan Chase & Co. (NYSE:JPM) among the elite hedge funds was Ken Fisher’s Fisher Asset Management, with an $821 million stake.

Earlier in January, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon said in an interview with CNBC that the Federal Reserve could continue to increase interest rates amid stubbornly high inflation. Dimon said that he thinks rates are “probably going to go higher than 5%.” He thinks there’s a “lot of underlying inflation, which won’t go away quick.”