BTO (John Hancock Financial Opportunities Fund) Shares Outstanding (Basic Average): 19.82 Mil (As of Dec. 2025)


BTO John Hancock Financial Opportunities Fund BTO
31 GF Score
Price $38.45
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What is John Hancock Financial Opportunities Fund Shares Outstanding (Basic Average)?

John Hancock Financial Opportunities Fund BTO +1.02% 31 Shares Outstanding (Basic Average) is 19.82 Mil as of Dec. 2025. GuruFocus rates BTO with a GF Score™ of 31/100. The stock has 7 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. John Hancock Financial Opportunities Fund's average basic shares outstanding for the quarter that ended in Dec. 2025 was 19.82 Mil.

John Hancock Financial Opportunities Fund  (NYSE:BTO) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

John Hancock Financial Opportunities Fund Shares Outstanding (Basic Average) Related Terms

John Hancock Financial Opportunities Fund Shares Outstanding (Basic Average) Historical Data

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The historical data trend for John Hancock Financial Opportunities Fund's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

John Hancock Financial Opportunities Fund Shares Outstanding (Basic Average) Chart

John Hancock Financial Opportunities Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.82 19.19 19.69 19.74 19.83

John Hancock Financial Opportunities Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.69 19.54 19.94 19.84 19.82
BTO
31GF Score
John Hancock Financial Opportunities Fund BTO
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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John Hancock Financial Opportunities Fund Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 19.82 Mil mean?
John Hancock Financial Opportunities Fund (BTO) has a Shares Outstanding (Basic Average) of 19.82 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on John Hancock Financial Opportunities Fund and its competitors.
Is John Hancock Financial Opportunities Fund's Shares Outstanding (Basic Average) too high?
John Hancock Financial Opportunities Fund's current Shares Outstanding (Basic Average) is 19.82 Mil. Overall, John Hancock Financial Opportunities Fund has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Financial Opportunities Fund's Shares Outstanding (Basic Average) compare to CCD and MYI?
John Hancock Financial Opportunities Fund's Shares Outstanding (Basic Average) of 19.82 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset Management industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on John Hancock Financial Opportunities Fund and its competitors. John Hancock Financial Opportunities Fund's current Shares Outstanding (Basic Average) is 19.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Financial Opportunities Fund stock overvalued right now?
John Hancock Financial Opportunities Fund (BTO) has a current Shares Outstanding (Basic Average) of 19.82 Mil. The current Shares Outstanding (Basic Average) is 19.82 Mil. John Hancock Financial Opportunities Fund's overall GF Score™ is 31/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For John Hancock Financial Opportunities Fund (BTO), the current Shares Outstanding (Basic Average) is 19.82 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

John Hancock Financial Opportunities Fund Business Description

Address 200 Berkeley Street, Boston, MA, USA, 02116
John Hancock Financial Opportunities Fund is a United States-based closed-end, diversified management investment company. Its 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 will invest at least 80% of its net assets in equity securities of 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.
31GF Score

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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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