Vanguard Personalized Indexing Management LLC Sells 1,544 Shares of Rocket Companies, Inc. $RKT

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,999 shares of the company’s stock after selling 1,544 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rocket Companies were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RKT. Bank of New York Mellon Corp lifted its position in Rocket Companies by 148.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,163,399 shares of the company’s stock valued at $14,042,000 after acquiring an additional 694,779 shares during the period. Lincoln Capital Corp increased its stake in shares of Rocket Companies by 304.1% during the second quarter. Lincoln Capital Corp now owns 270,614 shares of the company’s stock valued at $3,837,000 after purchasing an additional 203,639 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Rocket Companies during the first quarter valued at approximately $5,381,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rocket Companies by 8.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,266,399 shares of the company’s stock valued at $15,285,000 after purchasing an additional 103,156 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Rocket Companies in the 1st quarter worth approximately $310,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RKT. Morgan Stanley raised their price objective on Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rocket Companies in a report on Monday, October 13th. The Goldman Sachs Group raised their price objective on shares of Rocket Companies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Jefferies Financial Group upped their target price on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Rocket Companies in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.12.

Rocket Companies Stock Up 1.6%

RKT opened at $17.62 on Friday. The stock has a market capitalization of $37.07 billion, a price-to-earnings ratio of -352.30 and a beta of 2.23. The firm has a 50 day moving average price of $18.60 and a 200-day moving average price of $15.43. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56. 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 (NYSE:RKT) last issued its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 0.01% and a positive return on equity of 3.18%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

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.