| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
JPS Stock Overview
Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.48 |
| 52 Week High | US$10.07 |
| 52 Week Low | US$9.12 |
| Beta | 0.77 |
| 1 Month Change | 2.71% |
| 3 Month Change | -3.95% |
| 1 Year Change | 1.50% |
| 3 Year Change | 7.12% |
| 5 Year Change | 0.53% |
| Change since IPO | -36.93% |
Recent News & Updates
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.
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.
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.
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.
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
| JPS | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -2.4% | -5.5% | -4.6% |
| 1Y | 1.5% | 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
| JPS volatility | |
|---|---|
| JPS Average Weekly Movement | 1.4% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | n/a | n/a | https://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
| JPS fundamental statistics | |
|---|---|
| Market Cap | US$1.93b |
| Earnings (TTM) | US$295.61m |
| Revenue (TTM) | US$162.58m |
6.5x
P/E Ratio11.9x
P/S RatioIs JPS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JPS income statement (TTM) | |
|---|---|
| Revenue | US$162.58m |
| Cost of Revenue | US$0 |
| Gross Profit | US$162.58m |
| Expenses | -US$133.02m |
| Earnings | US$295.61m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.45 |
| Gross Margin | 100.00% |
| Net Profit Margin | 181.82% |
| Debt/Equity Ratio | 59.1% |
How did JPS perform over the long term?
See historical performance and comparisonDividends
6.4%
Current Dividend Yield42%
Payout RatioValuation
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
- Name: Nuveen Preferred Securities Income Fund
- Ticker: JPS
- Exchange: NYSE
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$1.932b
- Shares outstanding: 203.79m
- Website: https://www.nuveen.com/CEF/Product/Overview.aspx?fundcode=JPS
Location
- Nuveen Preferred Securities Income Fund
- 2 High Ridge Park
- Suite 2
- Stamford
- Connecticut
- 6905
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:41 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/07/31 |
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.