Public Employees Retirement System of Ohio Has $1.05 Million Stock Position in Rocket Companies, Inc. $RKT

Public Employees Retirement System of Ohio boosted its position in Rocket Companies, Inc. (NYSE:RKT) by 67.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,336 shares of the company’s stock after purchasing an additional 30,048 shares during the period. Public Employees Retirement System of Ohio’s holdings in Rocket Companies were worth $1,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. increased its holdings in Rocket Companies by 312.2% in the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after purchasing an additional 1,970 shares in the last quarter. Parallel Advisors LLC increased its holdings in Rocket Companies by 302.2% in the 1st quarter. Parallel Advisors LLC now owns 2,956 shares of the company’s stock worth $36,000 after purchasing an additional 2,221 shares in the last quarter. Brooklyn Investment Group increased its holdings in Rocket Companies by 251.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $41,000 after purchasing an additional 2,425 shares in the last quarter. GAMMA Investing LLC increased its holdings in Rocket Companies by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Rocket Companies by 147.1% in the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock worth $53,000 after purchasing an additional 2,603 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RKT shares. Bank of America raised Rocket Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Wall Street Zen upgraded Rocket Companies from a “sell” rating to a “hold” rating in a research report on Friday. BTIG Research upgraded Rocket Companies to a “strong-buy” rating in a research report on Tuesday, August 19th. Zacks Research lowered Rocket Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Barclays upped their price target on Rocket Companies from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.65.

Rocket Companies Stock Down 3.2%

Shares of Rocket Companies stock opened at $17.78 on Friday. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74. The stock’s 50-day moving average is $18.66 and its 200 day moving average is $15.14. The firm has a market cap of $37.42 billion, a price-to-earnings ratio of -355.60 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last announced its earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Rocket Companies has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

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.