Jump Financial LLC Has $327,000 Holdings in Carriage Services, Inc. (NYSE:CSV)

Jump Financial LLC lifted its holdings in Carriage Services, Inc. (NYSE:CSV) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Jump Financial LLC owned 0.05% of Carriage Services worth $327,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LSV Asset Management boosted its stake in shares of Carriage Services by 12.4% during the 4th quarter. LSV Asset Management now owns 590,917 shares of the company’s stock worth $23,548,000 after buying an additional 65,358 shares during the last quarter. Geode Capital Management LLC raised its holdings in Carriage Services by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 315,936 shares of the company’s stock worth $12,593,000 after acquiring an additional 1,072 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Carriage Services by 16.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company’s stock valued at $9,454,000 after purchasing an additional 34,342 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Carriage Services by 14.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company’s stock valued at $5,975,000 after purchasing an additional 18,661 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Carriage Services by 20.3% during the 4th quarter. JPMorgan Chase & Co. now owns 142,989 shares of the company’s stock worth $5,698,000 after purchasing an additional 24,098 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Insiders Place Their Bets

In other news, President Steven D. Metzger sold 3,508 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $40.09, for a total transaction of $140,635.72. Following the transaction, the president now owns 81,389 shares in the company, valued at approximately $3,262,885.01. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Carriage Services Stock Performance

Shares of NYSE CSV opened at $39.62 on Friday. 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 has a market capitalization of $620.05 million, a P/E ratio of 17.77, a P/E/G ratio of 0.97 and a beta of 0.77. Carriage Services, Inc. has a 12 month low of $24.63 and a 12 month high of $42.75. The stock has a 50 day moving average of $38.75 and a 200-day moving average of $38.61.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.51 by $0.11. The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $96.72 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period in the previous year, the company earned $0.77 earnings per share. As a group, equities research analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be given a dividend of $0.1125 per share. The ex-dividend date is Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 1.14%. Carriage Services’s dividend payout ratio (DPR) is presently 21.43%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSV. Barrington Research reissued an “outperform” rating and issued a $50.00 target price on shares of Carriage Services in a research note on Friday, February 28th. StockNews.com upgraded shares of Carriage Services from a “hold” rating to a “buy” rating in a research note on Friday.

About Carriage Services

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.