Barclays PLC Has $8.48 Million Stake in Rocket Companies, Inc. (NYSE:RKT)

Barclays PLC raised its holdings in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 216.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 753,345 shares of the company's stock after buying an additional 515,022 shares during the period. Barclays PLC's holdings in Rocket Companies were worth $8,483,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Rocket Companies by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,043,975 shares of the company's stock valued at $39,235,000 after acquiring an additional 12,735 shares during the period. Virtu Financial LLC raised its position in Rocket Companies by 22.1% in the third quarter. Virtu Financial LLC now owns 16,135 shares of the company's stock valued at $310,000 after purchasing an additional 2,925 shares during the period. Tidal Investments LLC grew its holdings in Rocket Companies by 804.3% during the 3rd quarter. Tidal Investments LLC now owns 315,764 shares of the company's stock valued at $6,060,000 after purchasing an additional 280,847 shares in the last quarter. Connective Portfolio Management LLC purchased a new stake in Rocket Companies during the 4th quarter worth approximately $428,000. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Rocket Companies by 75.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 28,508 shares of the company's stock valued at $321,000 after purchasing an additional 12,230 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Stock Performance

RKT traded down $0.02 on Tuesday, hitting $12.60. 841,520 shares of the stock traded hands, compared to its average volume of 4,737,125. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $21.38. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $13.43. The firm has a market capitalization of $25.14 billion, a PE ratio of -78.69 and a beta of 2.35.

Rocket Companies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, March 20th. Rocket Companies's payout ratio is 801.25%.

Wall Street Analyst Weigh In

RKT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price objective for the company in a report on Wednesday, April 2nd. UBS Group cut their price objective on shares of Rocket Companies from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada restated a "sector perform" rating and set a $18.00 price target on shares of Rocket Companies in a research note on Tuesday, April 1st. Barclays raised shares of Rocket Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $10.00 to $14.00 in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $14.38.

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.