John Hancock Financial Opprts Fund (NYSE:BTO) Price Target Raised to $7.50

John Hancock Financial Opprts Fund (NYSE:BTO) had its price target upped by TD Securities from $7.00 to $7.50 in a research report released on Thursday, Stock Target Advisor reports. They currently have a buy rating on the financial services provider’s stock.

Separately, National Bank Financial decreased their price target on shares of John Hancock Financial Opprts Fund from $8.00 to $7.50 in a research note on Monday, October 21st.

BTO stock traded down $0.08 during midday trading on Thursday, reaching $34.96. 39,300 shares of the company’s stock traded hands, compared to its average volume of 56,795. The firm’s fifty day moving average price is $32.55 and its 200-day moving average price is $32.12. John Hancock Financial Opprts Fund has a 52 week low of $25.81 and a 52 week high of $38.20.

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP boosted its holdings in John Hancock Financial Opprts Fund by 35.9% during the 1st quarter. First Trust Advisors LP now owns 30,061 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 7,944 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in John Hancock Financial Opprts Fund during the 2nd quarter worth $457,000. FNY Investment Advisers LLC purchased a new position in John Hancock Financial Opprts Fund during the 2nd quarter worth $129,000. Doliver Advisors LP purchased a new position in John Hancock Financial Opprts Fund during the 2nd quarter worth $237,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in John Hancock Financial Opprts Fund during the 2nd quarter worth $393,000. Institutional investors and hedge funds 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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