PGP Stock Overview
PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.51|
|52 Week High||US$11.56|
|52 Week Low||US$9.60|
|1 Month Change||0.19%|
|3 Month Change||-4.46%|
|1 Year Change||3.24%|
|3 Year Change||-23.73%|
|5 Year Change||-40.86%|
|Change since IPO||-57.98%|
Recent News & Updates
PGP: Clearing Up Some Misconceptions About This Hybrid CEF
Hybrid CEFs have generated very strong returns over the past year due to a strong rally in both equities and fixed-income - the two asset class holdings of this sector. PGP has generated one of the highest returns in the sector in NAV terms, while seeing its premium trade at its lower historic range - driving interest in the fund. We take a look at some of the many misconceptions about the fund, which makes it difficult for investors to make an informed allocation decision. Our allocation takeaway is that PGP is less appealing for investors looking to maximize their allocation to income-producing assets or who want to keep portfolio volatility limited. However, it can be appealing to those investors looking to maximize broad market exposure, including both equities and credit securities.
PGP: Value Emerges From This Interesting PIMCO Fund
PGP is at a much better valuation than where it had been a couple of years ago. The distribution rate is attractive and, better yet, seems sustainable with a NAV distribution yield of 7.72%. From now on, PGP could deliver much better results than what shareholders would have received over the last 5 years.
PGP: Surprisingly, This Fund Still Offers Value
PGP was a notorious CEF from PIMCO, historically trading at a sky-high valuation until it crashed. After its valuation came back down to earth, the fund actually became a relatively good value. Since then, it has performed very well, and its NAV rise has contained its premium. With inflation picking up, PGP's limited duration is an attractive attribute.
PIMCO Global StocksPLUS&Income Fund declares $0.069 dividend
PIMCO Global StocksPLUS&Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 7.95%Payable March 1; for shareholders of record Feb. 11; ex-div Feb. 10.See PGP Dividend Scorecard, Yield Chart, & Dividend Growth.
PGP: I Still Have A Positive Outlook
Main Thesis The purpose of this article is to evaluate the PIMCO Global StocksPLUS & Income Fund (PGP) as an investment option at its current market price. PGP is a CEF I recommended, after years of taking a negative stance on it, back in November. In the interim, it has performed very well, generating a double-digit total return. Looking ahead, rather than locking in profit here, I believe further gains are possible. The fund's premium
PIMCO Global StocksPLUS&Income Fund declares $0.069 dividend
PIMCO Global StocksPLUS&Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 8.25%Payable Feb. 1; for shareholders of record Jan. 14; ex-div Jan. 13.See PGP Dividend Scorecard, Yield Chart, & Dividend Growth.
|PGP||US Capital Markets||US Market|
Return vs Industry: PGP underperformed the US Capital Markets industry which returned 24.6% over the past year.
Return vs Market: PGP underperformed the US Market which returned 7.7% over the past year.
|PGP Average Weekly Movement||2.0%|
|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: PGP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PGP's weekly volatility (2%) has been stable over the past year.
About the Company
PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe.
PIMCO Global StocksPLUS & Income Fund Fundamentals Summary
|PGP fundamental statistics|
Is PGP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PGP income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.82|
|Net Profit Margin||333.93%|
How did PGP perform over the long term?See historical performance and comparison
7.9%Current Dividend Yield
Is PIMCO Global StocksPLUS & Income Fund undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PGP ($10.51) is trading above our estimate of fair value ($9.65)
Significantly Below Fair Value: PGP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PGP is good value based on its PE Ratio (2.8x) compared to the US Capital Markets industry average (15.2x).
PE vs Market: PGP is good value based on its PE Ratio (2.8x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PGP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGP is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (37.6x).
How is PIMCO Global StocksPLUS & Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 PIMCO Global StocksPLUS & 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.
How has PIMCO Global StocksPLUS & Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGP has a high level of non-cash earnings.
Growing Profit Margin: PGP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PGP has become profitable over the past 5 years, growing earnings by 0.5% per year.
Accelerating Growth: PGP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PGP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (87.1%).
Return on Equity
High ROE: PGP's Return on Equity (36.2%) is considered high.
How is PIMCO Global StocksPLUS & Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: PGP's short term assets ($69.9M) do not cover its short term liabilities ($152.2M).
Long Term Liabilities: PGP's short term assets ($69.9M) exceed its long term liabilities ($8.8M).
Debt to Equity History and Analysis
Debt Level: PGP's net debt to equity ratio (47.9%) is considered high.
Reducing Debt: PGP's debt to equity ratio has reduced from 76.3% to 49.4% over the past 5 years.
Debt Coverage: PGP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PGP's interest payments on its debt are well covered by EBIT (130.7x coverage).
What is PIMCO Global StocksPLUS & Income Fund current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PGP's dividend (7.88%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: PGP's dividend (7.88%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: PGP's dividend payments have been volatile in the past 10 years.
Growing Dividend: PGP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.9%), PGP'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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
PIMCO Global StocksPLUS & Income Fund has no CEO, or we have no data on them.
Experienced Board: PGP's board of directors are seasoned and experienced ( 15.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PIMCO Global StocksPLUS & Income Fund's employee growth, exchange listings and data sources
- Name: PIMCO Global StocksPLUS & Income Fund
- Ticker: PGP
- Exchange: NYSE
- Founded: 2003
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$115.262m
- Shares outstanding: 10.97m
- Website: https://investments.pimco.com/Products/pages/678.aspx
- PIMCO Global StocksPLUS & Income Fund
- 650 Newport Center Drive
- Newport Beach
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 00:05|
|End of Day Share Price||2022/01/20 00:00|
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.