Voya Investment Management LLC Buys 4,906 Shares of Rocket Companies, Inc. $RKT

Voya Investment Management LLC increased its position in shares of Rocket Companies, Inc. (NYSE:RKT) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 565,757 shares of the company’s stock after acquiring an additional 4,906 shares during the period. Voya Investment Management LLC’s holdings in Rocket Companies were worth $6,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RKT. Nuveen LLC acquired a new stake in shares of Rocket Companies in the 1st quarter valued at approximately $96,470,000. Wellington Management Group LLP lifted its stake in Rocket Companies by 174.5% in the 4th quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company’s stock valued at $52,980,000 after purchasing an additional 2,990,837 shares during the last quarter. Boston Partners boosted its position in Rocket Companies by 11.3% in the first quarter. Boston Partners now owns 13,704,339 shares of the company’s stock valued at $165,421,000 after buying an additional 1,390,559 shares in the last quarter. Azora Capital LP bought a new stake in shares of Rocket Companies during the first quarter worth $16,078,000. Finally, Kodai Capital Management LP acquired a new position in shares of Rocket Companies during the first quarter worth $8,457,000. 4.59% of the stock is owned by institutional investors.

Rocket Companies Stock Performance

Shares of RKT stock opened at $21.18 on Thursday. The firm has a 50 day moving average of $17.42 and a 200-day moving average of $14.72. The company has a market cap of $44.57 billion, a price-to-earnings ratio of -423.60 and a beta of 2.30. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $22.56.

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, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.Rocket Companies’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on RKT shares. Jefferies Financial Group upped their target price on Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Barclays upped their price objective on Rocket Companies from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. BTIG Research upgraded shares of Rocket Companies to a “strong-buy” rating in a research report on Tuesday, August 19th. The Goldman Sachs Group upped their price target on shares of Rocket Companies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Finally, Bank of America raised shares of Rocket Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $24.00 in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.50.

About Rocket Companies

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.