5 Stocks To Buy Now According To Stamos Capital

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

Stamos Capital’s Stake Value: $7.7 million
Percentage of Stamos Capital’s 13F Portfolio: 4.06%
Number of Hedge Fund Holders: 108

Incorporated in Delaware, and based in New York, JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services and investment banking firm that offers financial advisory services and solutions across the globe.

On October 11, Jefferies analyst Ken Usdin raised his price target on JPMorgan Chase & Co. (NYSE:JPM) to $198 from $177, and maintained a Buy rating on the shares.

Peter Stamos of Stamos Capital Partners currently holds 49,540 shares in the company, amounting to more than $7.7 million in worth and accounting for 4.06% of his hedge fund’s total portfolio value. By the end of the June quarter, 108 hedge funds out of the 873 tracked by Insider Monkey held stakes in JPMorgan Chase & Co. (NYSE:JPM) worth roughly $4.8 billion. This is compared to 111 hedge funds in the previous quarter with a total stake value of approximately $5.2 billion.