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JPS

Nuveen Preferred Securities Income FundNYSE:JPS Stock Report

Last Price

US$9.48

Market Cap

US$1.9b

7D

-2.4%

1Y

1.5%

Updated

19 Jan, 2022

Data

Company Financials
JPS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends4/6

JPS Stock Overview

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Preferred Securities Income Fund
Historical stock prices
Current Share PriceUS$9.48
52 Week HighUS$10.07
52 Week LowUS$9.12
Beta0.77
1 Month Change2.71%
3 Month Change-3.95%
1 Year Change1.50%
3 Year Change7.12%
5 Year Change0.53%
Change since IPO-36.93%

Recent News & Updates

Aug 30

JPS: A Very Appealing 6% Yielding CEF

Investors continue to struggle to generate any significant amount of income off of their portfolio, which is a big problem for retirees. JPS invests in a very diversified portfolio of fixed-income securities to provide a high yield for its investors. The portfolio is very banking-heavy but it is otherwise highly diversified. The fund is easily able to sustain its appealing 6.07% yield. The fund trades at a slight premium but its price is not overly excessive.

May 07

Nuveen Preferred & Income Securities Fund declares $0.0505 dividend

Nuveen Preferred & Income Securities Fund (JPS) declares $0.0505/share monthly dividend, in line with previous.Forward yield 6.1%Payable June 1; for shareholders of record May 14; ex-div May 13.See JPS Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

Nuveen Preferred & Income Securities Fund declares $0.0505 dividend

Nuveen Preferred & Income Securities Fund (JPS) declares $0.0505/share monthly dividend, in line with previous.Forward yield 6.34%Payable March 1; for shareholders of record Feb. 12; ex-div Feb. 11.See JPS Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Preferred & Income Securities Fund declares $0.0505 dividend

Nuveen Preferred & Income Securities Fund (JPS) declares $0.0505/share monthly dividend, in line with previous.Forward yield 6.34%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See JPS Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

Nuveen Preferred & Income Securities Fund declares $0.0505 dividend

Nuveen Preferred & Income Securities Fund (JPS) declares $0.0505/share monthly dividend, in line with previous.Forward yield 6.4%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See JPS Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

JPSUS Capital MarketsUS Market
7D-2.4%-5.5%-4.6%
1Y1.5%24.6%7.7%

Return vs Industry: JPS underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: JPS underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is JPS's price volatile compared to industry and market?
JPS volatility
JPS Average Weekly Movement1.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: JPS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: JPS's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?fundcode=JPS

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch. It was formerly known as Nuveen Quality Preferred Income Fund 2.

Nuveen Preferred Securities Income Fund Fundamentals Summary

How do Nuveen Preferred Securities Income Fund's earnings and revenue compare to its market cap?
JPS fundamental statistics
Market CapUS$1.93b
Earnings (TTM)US$295.61m
Revenue (TTM)US$162.58m

6.5x

P/E Ratio

11.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JPS income statement (TTM)
RevenueUS$162.58m
Cost of RevenueUS$0
Gross ProfitUS$162.58m
Expenses-US$133.02m
EarningsUS$295.61m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.45
Gross Margin100.00%
Net Profit Margin181.82%
Debt/Equity Ratio59.1%

How did JPS perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

42%

Payout Ratio

Valuation

Is Nuveen Preferred Securities Income Fund undervalued compared to its fair value and its price relative to the market?

6.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JPS ($9.48) is trading above our estimate of fair value ($0.87)

Significantly Below Fair Value: JPS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JPS is good value based on its PE Ratio (6.5x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: JPS is good value based on its PE Ratio (6.5x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JPS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JPS is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Nuveen Preferred Securities Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Preferred Securities Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Nuveen Preferred Securities Income Fund performed over the past 5 years?

-10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JPS has a large one-off gain of $150.9M impacting its July 31 2021 financial results.

Growing Profit Margin: JPS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JPS's earnings have declined by 10.9% per year over the past 5 years.

Accelerating Growth: JPS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: JPS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: JPS's Return on Equity (14.6%) is considered low.

Financial Health

How is Nuveen Preferred Securities Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: JPS's short term assets ($86.0M) do not cover its short term liabilities ($1.2B).

Long Term Liabilities: JPS's short term assets ($86.0M) exceed its long term liabilities ($50.3M).


Debt to Equity History and Analysis

Debt Level: JPS's net debt to equity ratio (58.6%) is considered high.

Reducing Debt: JPS's debt to equity ratio has increased from 49.2% to 59.1% over the past 5 years.

Debt Coverage: JPS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JPS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Nuveen Preferred Securities Income Fund current dividend yield, its reliability and sustainability?

6.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JPS's dividend (6.39%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: JPS's dividend (6.39%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: JPS's dividends per share have been stable in the past 10 years.

Growing Dividend: JPS's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42%), JPS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

16.0yrs

Average board tenure


CEO

Nuveen Preferred Securities Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: JPS's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nuveen Preferred Securities Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Preferred Securities Income Fund
  • 2 High Ridge Park
  • Suite 2
  • Stamford
  • Connecticut
  • 6905
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.