Truist Financial Corp Has $224,000 Stock Holdings in Rocket Companies, Inc. $RKT

Truist Financial Corp raised its stake in Rocket Companies, Inc. (NYSE:RKT) by 56.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,806 shares of the company’s stock after buying an additional 5,697 shares during the quarter. Truist Financial Corp’s holdings in Rocket Companies were worth $224,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RKT. Mather Group LLC. boosted its holdings in shares of Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after buying an additional 1,970 shares during the period. Brooklyn Investment Group raised its stake in shares of Rocket Companies by 251.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $41,000 after buying an additional 2,425 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rocket Companies by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock valued at $47,000 after buying an additional 1,764 shares in the last quarter. Signaturefd LLC raised its stake in shares of Rocket Companies by 147.1% in the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after buying an additional 2,603 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Rocket Companies by 81.6% during the 1st quarter. US Bancorp DE now owns 6,286 shares of the company’s stock worth $76,000 after purchasing an additional 2,824 shares in the last quarter. 4.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on RKT. UBS Group set a $17.00 price objective on shares of Rocket Companies and gave the stock a “neutral” rating in a report on Friday, October 10th. Morgan Stanley lifted their price objective on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Royal Bank Of Canada lifted their price objective on shares of Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Barclays set a $19.00 price objective on shares of Rocket Companies and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group raised their target price on shares of Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.12.

Rocket Companies Trading Up 0.6%

RKT stock opened at $16.65 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. The company’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $15.36. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $22.56. The company has a market capitalization of $35.04 billion, a PE ratio of -333.04 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data 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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share 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.