John Hancock Financial Opprts Fund (NYSE:BTO) PT Raised to $7.50 at TD Securities

John Hancock Financial Opprts Fund (NYSE:BTO) had its price objective raised by research analysts at TD Securities from $7.00 to $7.50 in a research report issued on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price target would suggest a potential downside of 78.55% from the stock’s previous close.

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

Shares of John Hancock Financial Opprts Fund stock traded down $0.08 on Thursday, reaching $34.96. 39,300 shares of the company were exchanged, compared to its average volume of 56,795. John Hancock Financial Opprts Fund has a 1-year low of $25.81 and a 1-year high of $38.20. The stock’s 50 day moving average price is $32.55 and its 200-day moving average price is $32.12.

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Several institutional investors have recently made changes to their positions in BTO. Wells Fargo & Company MN lifted its stake in John Hancock Financial Opprts Fund by 52.6% during the second quarter. Wells Fargo & Company MN now owns 331,505 shares of the financial services provider’s stock worth $10,675,000 after purchasing an additional 114,269 shares during the last quarter. Oxbow Advisors LLC purchased a new stake in John Hancock Financial Opprts Fund during the third quarter worth approximately $673,000. Sanders Morris Harris LLC purchased a new stake in John Hancock Financial Opprts Fund during the second quarter worth approximately $457,000. Steward Partners Investment Advisory LLC lifted its stake in John Hancock Financial Opprts Fund by 100.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 24,464 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 12,235 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in John Hancock Financial Opprts Fund during the second quarter worth approximately $374,000. 20.40% of the stock is owned by institutional investors and hedge funds.

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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