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

John Hancock Financial Opprts Fund (NYSE:BTO) had its price objective increased 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 John Hancock Financial Opprts Fund from $8.00 to $7.50 in a research report on Monday, October 21st.

John Hancock Financial Opprts Fund stock traded down $0.08 during midday trading on Thursday, reaching $34.96. The stock had a trading volume of 39,300 shares, compared to its average volume of 56,795. The firm’s 50-day moving average price is $32.55 and its 200 day moving average price is $32.12. John Hancock Financial Opprts Fund has a 12 month low of $25.81 and a 12 month high of $38.20.

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Investment Advisory Services LLC increased its position in shares of John Hancock Financial Opprts Fund by 1,498.0% during 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 buying an additional 1,498 shares during the period. Advisor Group Inc. increased its position 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 worth $85,000 after purchasing an additional 755 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of John Hancock Financial Opprts Fund in the second quarter worth approximately $129,000. Doliver Advisors LP bought a new position in shares of John Hancock Financial Opprts Fund in the second quarter worth approximately $237,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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. Hedge funds and other institutional investors own 20.40% of the company’s stock.

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.

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