JPMorgan Chase & Co. Raises Holdings in Carriage Services, Inc. $CSV

JPMorgan Chase & Co. lifted its position in Carriage Services, Inc. (NYSE:CSV) by 25.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 121,273 shares of the company’s stock after acquiring an additional 24,752 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carriage Services were worth $5,401,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Carriage Services by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock valued at $404,000 after buying an additional 258 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Carriage Services by 22.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after acquiring an additional 262 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in Carriage Services by 6.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 4,779 shares of the company’s stock worth $213,000 after acquiring an additional 289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after acquiring an additional 312 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Carriage Services by 3.0% during the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock worth $514,000 after acquiring an additional 330 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Trading Down 0.4%

Shares of NYSE CSV opened at $45.46 on Thursday. The business’s 50 day moving average is $43.66 and its two-hundred day moving average is $43.53. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.98 and a quick ratio of 0.84. Carriage Services, Inc. has a 1-year low of $35.51 and a 1-year high of $49.41. The stock has a market capitalization of $715.96 million, a P/E ratio of 13.94, a PEG ratio of 0.89 and a beta of 0.91.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). The company had revenue of $105.48 million during the quarter, compared to the consensus estimate of $103.50 million. Carriage Services had a net margin of 12.34% and a return on equity of 21.22%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, research analysts expect that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, February 2nd. Carriage Services’s dividend payout ratio is presently 13.80%.

Wall Street Analysts Forecast Growth

CSV has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.00.

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.