John Hancock Funds Renew 10% Share Repurchase Plans to Enhance Shareholder Value
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 24 minutes ago0mins
- Share Repurchase Plans: The Board of Trustees of John Hancock Funds has approved the renewal of share repurchase plans, allowing each Fund to repurchase up to 10% of its outstanding shares in 2026, aimed at enhancing shareholder value and reducing the discount between market price and net asset value.
- Liquidity Enhancement: By repurchasing shares in the market at a discount to NAV, the Funds are expected to realize incremental accretion to their NAV, thereby providing additional liquidity and potential benefits to existing shareholders.
- Year-to-Date Repurchase Progress: As of December 11, 2025, the HEQ Fund has repurchased 34,900 shares, representing 0.29% of outstanding shares, contributing approximately $0.004 to its NAV, indicating a proactive repurchase strategy.
- Strategic Review: The Board will periodically review the terms and size of the repurchase plans to ensure flexibility in adapting to market conditions, thereby continuously optimizing shareholder returns and Fund performance.
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Analyst Views on BTO
Wall Street analysts forecast BTO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Buy
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0 Sell
Current: 36.480
Low
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High
Current: 36.480
Low
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High
JPMorgan
Casey Woodring
Overweight
downgrade
$150 -> $145
2025-12-10
New
Reason
JPMorgan
Casey Woodring
Price Target
$150 -> $145
2025-12-10
New
downgrade
Overweight
Reason
JPMorgan analyst Casey Woodring lowered the firm's price target on BillionToOne to $145 from $150 and keeps an Overweight rating on the shares. The company reported solid Q3 sales and EBIT results, the analyst tells investors in a research note. The firm says the earnings print contains with few surprises.
BofA
Lawson Winder
Underperform
maintain
$6
2025-11-24
Reason
BofA
Lawson Winder
Price Target
$6
2025-11-24
maintain
Underperform
Reason
BofA analyst Lawson Winder raised the firm's price target on John Hancock Bank & Thrift Opportunity Fund to $6.25 from $6 and keeps an Underperform rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
BofA
Lawson Winder
Underperform
downgrade
$6
2025-11-24
Reason
BofA
Lawson Winder
Price Target
$6
2025-11-24
downgrade
Underperform
Reason
BofA analyst Lawson Winder lowered the firm's price target on John Hancock Bank & Thrift Opportunity Fund to $6 from $6.25 and keeps an Underperform rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
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About BTO
John Hancock Financial Opportunities Fund (the Fund) is a closed-end management investment company. The Fund's primary investment objective is to provide a high level of total return consisting of long-term capital appreciation and current income. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of United States (U.S.) and foreign financial services companies of any size. These companies may include, but are not limited to, banks, thrifts, finance and financial technology companies, brokerage and advisory firms, real estate-related firms, insurance companies and financial holding companies. The Fund may invest up to 20% of its total assets in common and preferred equity securities and other preferred securities of foreign banking, lending and financial services companies, including securities quoted in foreign currencies. The Fund's investment adviser is John Hancock Investment Management LLC.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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What is the primary goal of John Hancock Funds' share repurchase plans?
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What impact might the 10% share repurchase plan have on NAV by 2026?
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