5 Stocks to Buy According to Matthew Hulsizer’s PEAK6 Capital Management

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

PEAK6 Capital Management’s Stake Value: $54,422,000
Percentage of PEAK6 Capital Management’s Portfolio: 0.11%
Number of Hedge Fund Holders: 110

JPMorgan Chase & Co. (NYSE:JPM) is the result of the merger of two financial services corporations in 2000, and today it has operations in over 60 countries. The company’s investment and banking services are available to consumers, as well as large and small enterprises.

JPMorgan Chase & Co. (NYSE:JPM) was raised to Buy from Hold by Societe Generale analyst Andrew Lim on May 24, and a price objective of $150, up from $145. Lim informed investors in a research note that the business gave a favorable forecast on net interest income, credit quality, and investment bank trading revenues during its investor day.

According to the 13F filings for the first quarter of 2022, PEAK6 Capital Management held over 399,227 shares of JPMorgan Chase & Co. (NYSE:JPM), amounting to more than $54.42 million and representing 0.11% of the fund’s portfolio value.

At the end of March 2022, 110 hedge funds tracked by Insider Monkey owned stakes in JPMorgan Chase & Co. (NYSE:JPM), up from 107 in the previous quarter. These stakes hold an aggregate value of over $5.05 billion. Ken Fisher’s Fisher Asset Management was JPMorgan Chase & Co. (NYSE:JPM)’s leading shareholder in Q1 2022, owning a $1.06 billion position.

In its Q4 2021 investor letter, ClearBridge Investments mentioned JPMorgan Chase & Co. (NYSE:JPM). Here is what the firm 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.”