Insiders Are Buying the Dip on These 5 Stocks

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

Number of Hedge Fund Holders in Q1 2022: 110

Number of Hedge Fund Holders in Q4 2021: 107 

Decrease in Share Price Year-to-Date (through July 26th): 28.73%

Return since July 26th: 20.3%

JPMorgan Chase & Co. (NYSE:JPM) is a financial services firm. On July 20, news publication Financial Times reported that the company had committed to a significant chunk of capital to keep self-funded leveraged loans on the balance sheet. The move is part of a larger plan by the bank to hold on to underwriting leveraged loans and high-yield bonds for syndication. In line with this, the firm has also made a new business unit that will look at extending loans to business clients without an intermediary. 

On July 15, RBC Capital analyst Gerard Cassidy maintained an Outperform rating on JPMorgan Chase & Co. (NYSE:JPM) and lowered the price target to $130 from $155, appreciating the second quarter core bank earnings of the firm. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in JPMorgan Chase & Co. (NYSE:JPM) with 7.7 million shares worth more than $1 billion. 

In its Q1 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here is what the fund said:

“More cyclical sectors, including technology and consumer discretionary, were among the weakest, likely due to rising interest rates and inflation. It was encouraging to see the quarter finish on a strong note with the S&P 500 only about 5% away from its all-time highs. Shares of JPMorgan Chase & Co. (NYSE:JPM) detracted from performance due to the company’s increased expense guidance, announced in January.”