John Hancock Financial Opprts Fund (NYSE:BTO) Price Target Increased to $7.50 by Analysts at TD Securities

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John Hancock Financial Opprts Fund (NYSE:BTO) had its price target hoisted by TD Securities from $7.00 to $7.50 in a research note issued to investors on Thursday morning, Stock Target Advisor reports. TD Securities currently has a buy rating on the financial services provider’s stock.

Separately, National Bank Financial dropped their target price on John Hancock Financial Opprts Fund from $8.00 to $7.50 in a report on Monday, October 21st.

Shares of BTO stock traded down $0.08 during trading hours on Thursday, reaching $34.96. The company had a trading volume of 39,300 shares, compared to its average volume of 56,795. John Hancock Financial Opprts Fund has a 12 month low of $25.81 and a 12 month high of $38.20. The business has a fifty day simple moving average of $32.55 and a 200-day simple moving average of $32.12.

Hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC lifted its holdings in shares of John Hancock Financial Opprts Fund by 1,498.0% in the third quarter. Capital Investment Advisory Services LLC now owns 1,598 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,498 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of John Hancock Financial Opprts Fund by 40.3% in the second quarter. Advisor Group Inc. now owns 2,630 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 755 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of John Hancock Financial Opprts Fund during the second quarter valued at approximately $129,000. Doliver Advisors LP purchased a new stake in shares of John Hancock Financial Opprts Fund during the second quarter valued at approximately $237,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of John Hancock Financial Opprts Fund by 4.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,438 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 20.40% of the company’s stock.

John Hancock Financial Opprts Fund Company Profile

John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector.

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