NYSE · Asset Management · USD

John Hancock Preferred Income Fund III (HPS) Stock Analysis

John Hancock Preferred Income Fund III (HPS) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

HPS

$11.68

+$0.05 (+0.43%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HPS Key Statistics

As of Oct 21, 2026

Trading

Open: $11.69
Previous Close: $11.63
Day's Range: 11.62–11.71
52-Week Range: 11.39–15.54
Volume: 115.49K
Beta: 0.69

Valuation

Market Cap: $375.05M
P/E Ratio: 21.24
P/S ratio: 7.51
EPS (ttm): 0.55

Financials (FY)

Revenue (FY): $66.10M
Net Income (FY): $65.54M
Profit margin: 35.48%
Shares Outstanding: 32.11M
1-Year Return: −19.21%

Dividend and dates

Dividend: $1.32+11.35%
Ex-Dividend Date: October 13, 2026
Avg Volume: 108.52K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, HPS closed at $11.68, −19.21% over 1 year.

John Hancock Preferred Income Fund III (HPS) has a market capitalization of $375.05M.

In fiscal 2024, HPS reported revenue of $66.10M.

HPS Stock Return by Calendar Year

John Hancock Preferred Income Fund III (HPS) 10-year return: what $10,000 became

1 year: $10,000 $8,079; −19.21%
5 years: $10,000 $9,069; −9.31%
10 years: $10,000 $14,110; +41.10%

If you had invested $10,000 in John Hancock Preferred Income Fund III (HPS) 10 years ago, at the close on October 21, 2016, it would have been worth $14,110 at the close on October 21, 2026: +41.10% in total, +3.50% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+31.41%−16.56%−14.54%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−14.54%
2025	+4.86%
2024	+15.65%
2023	+7.66%
2022	−16.56%
2021	+16.44%
2020	−3.00%
2019	+31.41%
2018	−8.39%
2017	+14.31%
2016 (partial year)	−7.67%

As of October 21, 2026.

HPS Revenue and Earnings by Fiscal Year

FY ends July

RevenueNet income

202220232024

Fiscal year	Revenue	Net income	Net margin
2024	$66.10M	$65.54M	99.2%
2023	−$30.21M	−$30.75M	101.8%
2022	−$33.52M	−$33.96M	101.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$66.10M	—	—	$65.54M	99.2%
2023	−$30.21M	—	—	−$30.75M	101.8%
2022	−$33.52M	—	—	−$33.96M	101.3%

Annual figures as reported, in the company's reporting currency. As of July 31, 2024.

HPS Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$1.32+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.99	9	—
2025	$1.32	12	+0.0%
2024	$1.32	12	+0.0%
2023	$1.32	12	+0.0%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.99	9	—
2025	$1.32	12	+0.0%
2024	$1.32	12	+0.0%
2023	$1.32	12	+0.0%
2022	$1.32	12	+0.0%
2021	$1.32	12	+0.0%
2020	$1.32	12	−7.6%
2019	$1.43	12	−2.5%
2018	$1.46	12	+0.0%
2017	$1.46	12	+500.0%
2016	$0.24	2	—

Most recent payment: $0.11 per share, ex-dividend September 11, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

HPS Valuation vs Asset Management Median

Median of 512 stocks

Metric	HPS	Asset Management median	vs median
P/E	21.24	9.44	125% above
P/S ratio	7.51	8.59	13% below
Profit margin	35.48%	74.97%	39.5 pts below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

John Hancock Preferred Income Fund III (HPS) is capitalised at $375.05M on the latest close. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $11.39 to $15.54. HPS last closed at $11.68 on October 21, 2026. That is +$0.05 (+0.43%) against the previous close. The latest close sits 2.55% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2024, shows revenue of $66.10M. The same year closed with net income of $65.54M. The reported profit margin is 35.48%. That is 39.5 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are 0.55.

Across the 3 fiscal years on file, revenue moves from −$33.52M in 2022 to $66.10M in 2024. Of those 3 years, 1 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 21.24. That is 125% above the Asset Management median of 9.44. The price-to-sales ratio is 7.51. On price-to-sales that is 12.57% below the Asset Management median of 8.59. The medians here are taken across 512 Asset Management companies that report the metric.

Over the trailing twelve months the total return is −19.21%. Across 10 years the annualized return works out at +3.50%. The reported beta is 0.69. Daily returns over the trailing 10 years annualize to a volatility of 21.48%.

Growth & Income

The trailing dividend yield is 11.35%. That is 2.4 percentage points above the Asset Management median yield of 8.91%. The indicated annual rate is $1.32 a share. The ex-dividend date on file is October 13, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.99 a share. The year before, 2025, totalled $1.32 a share.

2026 is still running; the total return is −14.54% year to date. The strongest complete calendar year on file is 2019 at +31.41%; the weakest is 2022 at −16.56%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

John Hancock Preferred Income Fund III (HPS) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
John Hancock Preferred Income Fund III	HPS	$375.05M	21.2
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. John Hancock Preferred Income Fund III trades at a P/E of 21.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred securities or other fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund III was formed on June 19, 2003 and is domiciled in the United States.

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