Cresset Asset Management LLC Buys 1,693 Shares of Rocket Companies, Inc. $RKT

Cresset Asset Management LLC boosted its stake in Rocket Companies, Inc. (NYSE:RKT) by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,542 shares of the company’s stock after acquiring an additional 1,693 shares during the quarter. Cresset Asset Management LLC’s holdings in Rocket Companies were worth $226,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RKT. Boston Partners raised its stake in shares of Rocket Companies by 11.3% in the 1st quarter. Boston Partners now owns 13,704,339 shares of the company’s stock valued at $165,421,000 after purchasing an additional 1,390,559 shares during the period. Vanguard Group Inc. raised its position in Rocket Companies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 12,793,549 shares of the company’s stock valued at $154,418,000 after buying an additional 273,475 shares during the last quarter. Nuveen Asset Management LLC raised its position in Rocket Companies by 52.7% in the 4th quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company’s stock valued at $91,455,000 after buying an additional 2,804,090 shares during the last quarter. Nuveen LLC bought a new stake in Rocket Companies in the 1st quarter valued at approximately $96,470,000. Finally, Wellington Management Group LLP boosted its position in Rocket Companies by 174.5% during the 4th quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company’s stock worth $52,980,000 after acquiring an additional 2,990,837 shares during the last quarter. Institutional investors own 4.59% of the company’s stock.

Rocket Companies Stock Up 1.1%

Rocket Companies stock opened at $18.93 on Wednesday. The firm has a market capitalization of $39.83 billion, a PE ratio of -378.54 and a beta of 2.28. The company’s 50-day moving average is $15.70 and its 200-day moving average is $14.01. Rocket Companies, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74.

Rocket Companies (NYSE:RKT) last issued its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $0.06 EPS. Rocket Companies’s revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BTIG Research upgraded shares of Rocket Companies to a “strong-buy” rating in a report on Tuesday, August 19th. UBS Group set a $16.00 price target on shares of Rocket Companies and gave the company a “neutral” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their price objective on shares of Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Morgan Stanley began coverage on Rocket Companies in a report on Thursday, August 14th. They issued an “equal weight” rating and a $16.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rocket Companies has a consensus rating of “Hold” and an average target price of $15.81.

Rocket Companies Company Profile

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.