Susquehanna International Group LLP Buys 17,939 Shares of Carriage Services, Inc. $CSV

Susquehanna International Group LLP grew its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 198.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,989 shares of the company’s stock after acquiring an additional 17,939 shares during the period. Susquehanna International Group LLP’s holdings in Carriage Services were worth $1,035,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Carriage Services in the third quarter worth $29,000. PNC Financial Services Group Inc. boosted its stake in Carriage Services by 50.8% during the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after buying an additional 264 shares during the period. Jones Financial Companies Lllp grew its position in Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares in the last quarter. Optiver Holding B.V. grew its position in Carriage Services by 2,195.1% during the first quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after buying an additional 900 shares in the last quarter. Finally, Quarry LP bought a new position in Carriage Services in the 3rd quarter worth about $51,000. 66.46% of the stock is currently owned by institutional investors.

Carriage Services Trading Up 0.1%

CSV stock opened at $34.12 on Monday. The company has a market capitalization of $541.48 million, a PE ratio of 12.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. Carriage Services, Inc. has a one year low of $33.33 and a one year high of $52.10. The company’s 50 day moving average price is $37.45 and its two-hundred day moving average price is $41.75. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The business had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, analysts predict that Carriage Services, Inc. will post 3.38 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is 16.13%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Oppenheimer initiated coverage on Carriage Services in a report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price target on the stock. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research report on Friday, August 7th. Zacks Research downgraded shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Raymond James Financial set a $50.00 target price on shares of Carriage Services in a research report on Friday, August 7th. Finally, Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carriage Services presently has an average rating of “Hold” and an average target price of $51.00.

About Carriage Services

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.