SCHEDULE 13G/A: Ameriprise Financial Updates Passive Stake in Carriage Services Inc. to 2.7%

Ameriprise Financial, Inc. and its affiliated entities have filed an amended Schedule 13G, disclosing a continued passive beneficial ownership of 2.7% in Carriage Services Inc. common stock as of March 31, 2025.

Summary

• Ameriprise Financial, Inc. and its subsidiaries, collectively referred to as the 'Ameriprise Entities', have filed an Amendment No. 5 to Schedule 13G regarding their beneficial ownership of Carriage Services Inc. common stock.
• As of March 31, 2025, Ameriprise Financial, Inc. beneficially owns an aggregate of 424,349 shares of Carriage Services Inc. common stock, representing 2.7% of the class.
• This aggregate amount includes shares held by its various subsidiaries, such as TAM UK International Holdings Limited, Threadneedle Holdings Limited, TAM UK Holdings Limited, Threadneedle Asset Management Holdings Limited, TC Financing Ltd, Threadneedle Asset Management Limited, and Threadneedle Investment Services Limited, each reporting 412,880 shares or 2.6% beneficial ownership with shared voting and dispositive power.
• Additionally, CT American Smaller Companies Fund (US), a sub-fund of Columbia Threadneedle Investment Funds (UK) ICVC, reported sole voting and dispositive power over 156,406 shares, representing 1.0% of the class.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Carriage Services Inc.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing about beneficial ownership, containing no positive or negative operational or financial news for the issuer. Its sentiment is neutral.

Positives

• The filing indicates continued institutional investment by Ameriprise Financial, Inc. and its affiliates in Carriage Services Inc., suggesting ongoing confidence in the company as a passive investment.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Carriage Services Inc.'s future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services, Ameriprise Financial, Inc.

Industry Context

This filing is a routine disclosure of passive institutional ownership, common in the financial industry where large asset managers hold stakes in numerous public companies. It does not provide specific insights into broader industry trends for the funeral and cemetery services sector, but rather reflects an investment decision by a major financial institution.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming continued investment.
• Management: Confirms that a major institutional investor holds a stake for ordinary course investment purposes, not for control-related activities.

Key Dates

Keywords

Carriage Services Inc., Ameriprise Financial, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, SEC Filing, Passive Investment, Asset Management, Investment Fund