Bleakley Financial Group LLC Acquires New Holdings in Rocket Companies, Inc. (NYSE:RKT)

Bleakley Financial Group LLC purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKTFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,229 shares of the company’s stock, valued at approximately $196,000.

Several other large investors have also modified their holdings of RKT. Lakeshore Financial Planning Inc. grew its position in Rocket Companies by 8.0% in the second quarter. Lakeshore Financial Planning Inc. now owns 13,496 shares of the company’s stock valued at $185,000 after acquiring an additional 1,000 shares in the last quarter. DMC Group LLC grew its holdings in Rocket Companies by 3.7% during the first quarter. DMC Group LLC now owns 29,077 shares of the company’s stock worth $423,000 after acquiring an additional 1,029 shares during the period. Wedmont Private Capital increased its stake in Rocket Companies by 8.9% in the 3rd quarter. Wedmont Private Capital now owns 15,937 shares of the company’s stock worth $279,000 after purchasing an additional 1,305 shares in the last quarter. Arizona State Retirement System grew its stake in Rocket Companies by 6.0% during the 2nd quarter. Arizona State Retirement System now owns 34,974 shares of the company’s stock valued at $479,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rocket Companies by 7.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,217 shares of the company’s stock valued at $428,000 after acquiring an additional 2,064 shares in the last quarter. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Companies Stock Up 1.7 %

RKT stock opened at $16.69 on Friday. The stock has a market capitalization of $33.20 billion, a P/E ratio of 238.46 and a beta of 2.44. Rocket Companies, Inc. has a 52 week low of $7.17 and a 52 week high of $21.38. The firm has a 50-day simple moving average of $18.91 and a 200-day simple moving average of $15.88. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.27.

Rocket Companies (NYSE:RKTGet Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Rocket Companies had a net margin of 0.29% and a return on equity of 0.90%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted ($0.05) EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast that Rocket Companies, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on RKT shares. Wedbush upped their price target on Rocket Companies from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Barclays increased their price target on Rocket Companies from $10.00 to $14.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods upgraded Rocket Companies from an “underperform” rating to a “market perform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Rocket Companies from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, UBS Group lifted their price target on Rocket Companies from $11.50 to $14.00 and gave the company a “sell” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.89.

Read Our Latest Report on RKT

About Rocket Companies

(Free Report)

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

See Also

Institutional Ownership by Quarter for Rocket Companies (NYSE:RKT)

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