Burney Co. Takes $6.06 Million Position in Rocket Companies, Inc. $RKT

Key Points

• Burney Co. acquired a new Q4 position of 313,213 shares in Rocket Companies, valued at approximately $6.06 million.
• Ownership is highly concentrated: insiders hold 92.64% of the stock while hedge funds and other institutional investors own just 4.59%.
• Analyst sentiment is mixed — the consensus is a "Hold" with an average target of $20.25, amid recent target cuts from JPMorgan and Wells Fargo and some buy/overweight calls.

Burney Co. bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 313,213 shares of the company's stock, valued at approximately $6,064,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Rocket Companies during the third quarter worth about $25,000. Pinnacle Bancorp Inc. grew its position in Rocket Companies by 369.7% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company's stock worth $29,000 after buying an additional 1,183 shares in the last quarter. Miller Wealth Advisors LLC grew its position in Rocket Companies by 65.0% during the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company's stock worth $32,000 after buying an additional 650 shares in the last quarter. Private Capital Management LLC purchased a new position in Rocket Companies during the third quarter worth about $182,000. Finally, Newbridge Financial Services Group Inc. grew its position in Rocket Companies by 875.0% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,950 shares of the company's stock worth $38,000 after buying an additional 1,750 shares in the last quarter. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RKT has been the subject of several recent analyst reports. Compass Point initiated coverage on Rocket Companies in a research report on Tuesday, March 10th. They set a "buy" rating and a $21.00 target price for the company. Weiss Ratings restated a "sell (d+)" rating on shares of Rocket Companies in a research report on Monday, December 29th. Wells Fargo & Company reduced their target price on Rocket Companies from $19.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on Rocket Companies from $24.00 to $16.50 and set a "neutral" rating for the company in a research report on Thursday. Finally, Barclays upgraded Rocket Companies from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $22.00 to $19.00 in a research report on Monday, April 6th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.25.

Insider Activity

In other news, Director Matthew Rizik sold 2,500 shares of the company's stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $22.99, for a total value of $57,475.00. Following the completion of the transaction, the director directly owned 1,038,536 shares in the company, valued at approximately $23,875,942.64. This represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 92.64% of the company's stock.

Rocket Companies News Roundup

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

• Positive Sentiment: Strategic growth move — Rocket announced an alliance with Compass to expand U.S. listing inventory and cross‑promote listings across both platforms, which could help Redfin/real‑estate network effects and long‑term revenue diversification if execution succeeds. Rocket And Compass Alliance Puts Growth Plans And Risks In Focus
• Positive Sentiment: Analyst support — Bank of America reiterated a Buy rating with a $19 target, signaling that at least some sell‑side analysts view RKT as undervalued versus company growth and platform scale. BofA reiterates Rocket Cos stock Buy rating at $19 target
• Neutral Sentiment: Industry context — A Zacks piece flags mortgage headwinds from persistent high rates but highlights RKT’s servicing business, diversification and scale as stabilizing factors; this suggests mixed near‑term pressure but structural strengths longer term. Zacks Industry Outlook Highlights Rocket Companies, Federal Agricultural Mortgage and Lending Tree
• Negative Sentiment: Analyst downward moves weighing on sentiment — JPMorgan cut its price target from $24 to $16.50 (Neutral) and Wells Fargo trimmed its target to $17 (Equal Weight); those cuts are cited as a primary reason for today’s share weakness. Why Rocket Companies (RKT) Shares Are Falling Today
• Negative Sentiment: Weak housing signals — Redfin data show a decline in pending home sales and a record share of sellers cutting list prices, underscoring demand softness that could pressure mortgage originations and fees tied to transaction volume. Redfin Reports Pending Home Sales Post Biggest Decline in 3 Months as High Rates, Iran War Chill Market A Record 34% of February Home Sellers Cut Their List Price

Rocket Companies Price Performance

RKT opened at $14.81 on Friday. The stock has a 50-day moving average price of $16.32 and a 200-day moving average price of $17.98. Rocket Companies, Inc. has a 12-month low of $10.94 and a 12-month high of $24.36. The company has a current ratio of 70.90, a quick ratio of 70.90 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $41.75 billion, a P/E ratio of -113.89 and a beta of 2.34.

Rocket Companies (NYSE:RKT - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Rocket Companies had a positive return on equity of 3.04% and a negative net margin of 1.02%.The firm had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same period in the prior year, the business earned $0.04 EPS. The company's revenue for the quarter was up 52.2% compared to the same quarter last year. Equities analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

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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