SG Americas Securities LLC Has $320,000 Stock Holdings in Carriage Services, Inc. (NYSE:CSV)

SG Americas Securities LLC raised its holdings in Carriage Services, Inc. (NYSE:CSV) by 27.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,042 shares of the company’s stock after buying an additional 1,736 shares during the quarter. SG Americas Securities LLC owned 0.05% of Carriage Services worth $320,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Carriage Services by 46.6% in the third quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after acquiring an additional 271 shares during the last quarter. Point72 Asset Management L.P. grew its position in Carriage Services by 1,074.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock worth $154,000 after purchasing an additional 4,297 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Carriage Services in the 3rd quarter worth $204,000. Principal Financial Group Inc. bought a new position in shares of Carriage Services during the 3rd quarter worth about $232,000. Finally, Versor Investments LP acquired a new position in shares of Carriage Services during the third quarter valued at about $259,000. 66.46% of the stock is owned by institutional investors.

Carriage Services Price Performance

NYSE:CSV opened at $40.91 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The company has a 50-day moving average of $40.08 and a 200-day moving average of $35.67. Carriage Services, Inc. has a 52 week low of $22.96 and a 52 week high of $42.67. The company has a market capitalization of $622.57 million, a price-to-earnings ratio of 18.34, a PEG ratio of 0.97 and a beta of 0.92.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 yield of 1.10%. The ex-dividend date of this dividend is Monday, February 3rd. Carriage Services’s payout ratio is 20.18%.

Analyst Ratings Changes

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

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.