Carriage Services, Inc. (NYSE:CSV) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,514,613 shares of the company’s stock after selling 128,366 shares during the quarter. Ameriprise Financial Inc. owned 0.10% of Carriage Services worth $60,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Carriage Services by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 734,828 shares of the company’s stock valued at $29,283,000 after purchasing an additional 9,080 shares in the last quarter. LSV Asset Management increased its position in shares of Carriage Services by 12.4% in the fourth quarter. LSV Asset Management now owns 590,917 shares of the company’s stock valued at $23,548,000 after buying an additional 65,358 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Carriage Services by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 315,936 shares of the company’s stock worth $12,593,000 after buying an additional 1,072 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Carriage Services by 16.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company’s stock worth $9,454,000 after buying an additional 34,342 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Carriage Services by 14.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company’s stock valued at $5,975,000 after acquiring an additional 18,661 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CSV shares. StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a report on Saturday, May 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $51.00 target price (up previously from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of Carriage Services in a research report on Thursday, May 1st.

Insider Buying and Selling at Carriage Services

In related news, President Steven D. Metzger sold 2,492 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $40.01, for a total value of $99,704.92. Following the sale, the president now directly owns 78,897 shares of the company’s stock, valued at approximately $3,156,668.97. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 9,000 shares of company stock worth $362,141 in the last 90 days. 2.60% of the stock is owned by company insiders.

Carriage Services Stock Performance

Shares of NYSE CSV opened at $41.46 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market cap of $648.85 million, a PE ratio of 18.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. The company has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $39.23. Carriage Services, Inc. has a 12 month low of $25.78 and a 12 month high of $42.75.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.16. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The company had revenue of $8.47 million during the quarter, compared to the consensus estimate of $104.17 million. On average, equities analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, May 5th. Carriage Services’s payout ratio is 15.05%.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.