5 Value Stocks To Buy Today According To Mario Gabelli

In this article, we discuss 5 value stocks to buy according to Mario Gabelli. You can see more of Gabelli’s favorite value stocks by clicking 10 Value Stocks To Buy Today According To Mario Gabelli.

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

Number of Hedge Fund Holders: 110

P/E Ratio as of June 14: 8.46

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational investment bank and financial services holding company headquartered in New York City. Not only is it the largest bank in the United States, it also boasts a position as the world’s largest bank by market capitalization, with a $335 billion value. Mario Gabelli reported owning 407,073 shares of JPMorgan Chase & Co. (NYSE:JPM) in Q1 2022, worth $55.49 million.

On May 24, Societe Generale analyst Andrew Lim upgraded JPMorgan Chase & Co. (NYSE:JPM) to Buy from Hold with a price target of $150, up from $145. According to Lim, the company at its investor day delivered positive guidance on net interest income, credit quality and investment bank trading revenues, hence painting a more optimistic image of JPMorgan Chase & Co. (NYSE:JPM)’s excess capital generation from 2023.

Hedge fund sentiment around JPMorgan Chase & Co. (NYSE:JPM) was positive at the end of the first quarter, where a total of 110 hedge funds owned positions in the banking firm, in contrast to 107 hedge funds in the previous quarter. Billionaire Ken Fisher’s Fisher Asset Management was the biggest shareholder of JPMorgan Chase & Co. (NYSE:JPM) in the first quarter of 2022, with a position consisting of 7.76 million shares valued at $1.05 billion.

ClearBridge Investments mentioned a few stocks in its Q4 2021 investor letter, and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here is 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.”