Carriage Services, Inc. (NYSE:CSV) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) by 94.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,891 shares of the company's stock after purchasing an additional 57,821 shares during the quarter. JPMorgan Chase & Co. owned about 0.78% of Carriage Services worth $3,903,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in Carriage Services during the 3rd quarter valued at about $232,000. Barclays PLC boosted its position in shares of Carriage Services by 228.6% during the third quarter. Barclays PLC now owns 20,433 shares of the company's stock valued at $671,000 after buying an additional 14,215 shares during the last quarter. Geode Capital Management LLC grew its holdings in Carriage Services by 4.4% during the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock worth $10,339,000 after buying an additional 13,126 shares in the last quarter. XTX Topco Ltd raised its position in Carriage Services by 17.3% in the 3rd quarter. XTX Topco Ltd now owns 9,064 shares of the company's stock valued at $298,000 after buying an additional 1,337 shares during the last quarter. Finally, Zacks Investment Management bought a new position in Carriage Services during the 3rd quarter valued at $312,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research lifted their price objective on shares of Carriage Services from $45.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th.

Insider Buying and Selling at Carriage Services

In related news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the transaction, the vice president now directly owns 34,166 shares of the company's stock, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.30% of the company's stock.

Carriage Services Stock Up 0.9 %

NYSE:CSV traded up $0.35 on Friday, reaching $40.18. 99,222 shares of the stock traded hands, compared to its average volume of 83,703. The company has a market capitalization of $611.49 million, a price-to-earnings ratio of 18.02, a PEG ratio of 0.91 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The company's fifty day simple moving average is $39.74 and its 200 day simple moving average is $34.53. Carriage Services, Inc. has a 12 month low of $22.84 and a 12 month high of $42.13.

Carriage Services (NYSE:CSV - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $100.69 million during the quarter, compared to analyst estimates of $93.49 million. During the same period in the prior year, the firm posted $0.33 EPS. Equities analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, February 3rd. Carriage Services's dividend payout ratio (DPR) is presently 20.18%.

Carriage Services 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.