Anfield Capital Management LLC Acquires 112,554 Shares of Rocket Companies, Inc. $RKT

Key Points

• Anfield Capital Management LLC bought 112,554 shares of Rocket Companies, increasing its stake by 175,865.6% to 112,618 shares valued at about $2.18 million, per its latest SEC filing.
• Q1 results beat—EPS $0.15 and revenue $2.82B (up 167% YoY) topped estimates, but management’s softer Q2 revenue guidance (~$2.7–$2.9B) pressured the stock, which opened near $14.16 (down ~3.3%).
• Analysts are mixed: MarketBeat shows a consensus "Hold" rating with a $20.40 target (nine Buys, eight Holds, two Sells), implying notable upside from current levels.

Anfield Capital Management LLC increased its holdings in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 175,865.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 112,618 shares of the company's stock after purchasing an additional 112,554 shares during the period. Anfield Capital Management LLC's holdings in Rocket Companies were worth $2,180,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RKT. Royal Bank of Canada boosted its holdings in shares of Rocket Companies by 48.9% during the first quarter. Royal Bank of Canada now owns 69,641 shares of the company's stock worth $841,000 after acquiring an additional 22,861 shares during the period. Amundi raised its position in Rocket Companies by 3.1% during the first quarter. Amundi now owns 33,416 shares of the company's stock valued at $403,000 after purchasing an additional 997 shares in the last quarter. AQR Capital Management LLC raised its position in Rocket Companies by 1,086.5% during the first quarter. AQR Capital Management LLC now owns 400,467 shares of the company's stock valued at $4,734,000 after purchasing an additional 366,716 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Rocket Companies by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,619 shares of the company's stock valued at $4,473,000 after purchasing an additional 40,326 shares in the last quarter. Finally, Creative Planning raised its position in Rocket Companies by 17.2% during the second quarter. Creative Planning now owns 18,215 shares of the company's stock valued at $258,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors own 4.59% of the company's stock.

Rocket Companies Stock Down 3.3%

Shares of NYSE:RKT opened at $14.16 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 70.90 and a current ratio of 70.90. Rocket Companies, Inc. has a 52-week low of $11.08 and a 52-week high of $24.36. The company has a market capitalization of $39.94 billion, a PE ratio of -108.95 and a beta of 2.23. The company has a fifty day moving average of $15.16 and a 200-day moving average of $17.70.

Rocket Companies (NYSE:RKT - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Rocket Companies had a negative net margin of 1.02% and a positive return on equity of 3.04%. The company had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Rocket Companies's revenue for the quarter was up 167.1% on a year-over-year basis. On average, equities analysts predict that Rocket Companies, Inc. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on RKT shares. Wells Fargo & Company lowered their price objective on shares of Rocket Companies from $19.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Citizens Jmp started coverage on shares of Rocket Companies in a research report on Wednesday, March 25th. They set a "market perform" rating for the company. Stephens started coverage on shares of Rocket Companies in a report on Thursday, April 23rd. They set an "overweight" rating and a $22.50 price target for the company. Zacks Research downgraded shares of Rocket Companies from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. Finally, Keefe, Bruyette & Woods upgraded shares of Rocket Companies from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $20.00 to $22.00 in a report on Monday, March 16th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Rocket Companies presently has a consensus rating of "Hold" and a consensus target price of $20.40.

Key Stories Impacting Rocket Companies

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Q1 beats — Rocket reported quarterly EPS of about $0.15 (non‑GAAP) and revenue that topped consensus, driven by a large year‑over‑year increase in originations and related services. This outperformance supports near‑term earnings momentum. Read More.
• Positive Sentiment: Housing demand signal — Redfin data showed U.S. pending home sales at the highest level since Sept. 2022 (up ~7.7% YoY), which is a tailwind for Rocket’s mortgage and real‑estate businesses if the trend persists. Read More.
• Neutral Sentiment: Revenue presentation — Rocket reported $2.94B in total (net) revenue and an adjusted revenue figure of about $2.82B (above its guidance range), while some outlets reported slight differences in the adjusted vs. reported figures; core metrics show sizable YoY growth but require drilling into mix and margins. Read More.
• Negative Sentiment: Soft near‑term outlook — Management gave Q2 revenue guidance around $2.7B–$2.9B, below consensus (~$3.0B) and ~6–7% under some analysts’ estimates, and did not provide reassuring EPS detail, which is the main reason the stock is trading down despite the beat. Read More.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company's core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.

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