Frederick DiSanto’s Ancora Advisors Is Investing In These 5 Stocks

In this article, we discuss 5 stocks Frederick DiSanto’s Ancora Advisors is investing in. If you want to see our detailed analysis of DiSanto’s history, investment philosophy, and hedge fund performance, go directly to Frederick DiSanto’s Ancora Advisors Is Investing In These 10 Stocks.

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

Ancora Advisors’ Stake Value: $45 million
Percentage of Ancora Advisors’ 13F Portfolio: 1.17%
Number of Hedge Fund Holders: 108

Based in New York, JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services and investment banking corporation that offers financial advisory services and solutions across the world. On October 22, the company announced an online bill payment and customer engagement platform through Paymentus Holdings, Inc. (NYSE:PAY).

On October 25, Wells Fargo analyst Mike Mayo raised the price target on JPMorgan Chase & Co. (NYSE:JPM) to $210 from $200, and maintained an Overweight rating on the shares, citing confidence in the company’s earnings capacity and consistency.

Based on the second quarter securities filings, Ancora Advisors holds 289,357 shares of JPMorgan Chase & Co. (NYSE:JPM), worth more than $45 million and accounting for 1.17% of the fund’s investment portfolio.

Of the 873 elite funds tracked by Insider Monkey, 108 were long in JPMorgan Chase & Co. (NYSE:JPM) at the end of June, compared to 111 in the first quarter of 2021. Ken Fisher’s Fisher Asset Management is a leading shareholder in the company.