Carriage Services, Inc. $CSV Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Carriage Services, Inc. (NYSE:CSV) by 79.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,839 shares of the company’s stock after selling 15,167 shares during the period. SG Americas Securities LLC’s holdings in Carriage Services were worth $175,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CSV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after acquiring an additional 312 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Carriage Services by 1,736.0% in the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares in the last quarter. Jane Street Group LLC acquired a new position in Carriage Services in the first quarter valued at approximately $689,000. Creative Planning purchased a new position in Carriage Services in the second quarter valued at approximately $200,000. Finally, Rhumbline Advisers increased its stake in Carriage Services by 8.2% in the second quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,654 shares during the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Stock Performance

NYSE:CSV traded down $0.18 during mid-day trading on Friday, reaching $37.89. 74,523 shares of the stock were exchanged, compared to its average volume of 125,927. The stock has a market capitalization of $601.41 million, a P/E ratio of 13.73, a P/E/G ratio of 0.73 and a beta of 0.84. Carriage Services, Inc. has a 1 year low of $37.11 and a 1 year high of $52.10. The company has a 50 day simple moving average of $40.88 and a 200-day simple moving average of $43.22. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $106.12 million during the quarter, compared to the consensus estimate of $111.39 million. Carriage Services had a return on equity of 19.78% and a net margin of 10.58%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Analysts anticipate that Carriage Services, Inc. will post 3.45 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 4th. Carriage Services’s dividend payout ratio (DPR) is presently 16.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.67.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.