John Hancock Financial Opprts Fund (NYSE:BTO) Rating Reiterated by Raymond James

Raymond James reissued their outperform rating on shares of John Hancock Financial Opprts Fund (NYSE:BTO) in a report published on Friday, Stock Target Advisor reports. Raymond James currently has a $6.25 target price on the financial services provider’s stock.

BTO has been the subject of a number of other research reports. TD Securities increased their price target on shares of John Hancock Financial Opprts Fund from $7.00 to $7.50 and gave the company a buy rating in a report on Thursday. National Bank Financial lowered their price target on shares of John Hancock Financial Opprts Fund from $8.00 to $7.50 in a report on Monday, October 21st.

Shares of NYSE:BTO traded down $0.08 during trading on Friday, reaching $34.96. The company’s stock 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 firm’s 50 day simple moving average is $32.55 and its two-hundred day simple moving average is $32.12.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Advisory Services LLC lifted its stake in 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 worth $51,000 after purchasing an additional 1,498 shares during the last quarter. Advisor Group Inc. lifted its stake in 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 worth $85,000 after purchasing an additional 755 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in John Hancock Financial Opprts Fund in the second quarter worth about $129,000. Doliver Advisors LP bought a new stake in John Hancock Financial Opprts Fund in the second quarter worth about $237,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in John Hancock Financial Opprts Fund by 4.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,438 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 333 shares during the last quarter. 20.40% of the stock is owned by institutional investors and hedge funds.

About John Hancock Financial Opprts Fund

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.

Read More: How interest rates affect municipal bond prices

Receive News & Ratings for John Hancock Financial Opprts Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Financial Opprts Fund and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit