GFG Capital LLC Makes New $8.29 Million Investment in Rocket Companies, Inc. $RKT

Key Points

• GFG Capital LLC has invested approximately $8.29 million in Rocket Companies, acquiring 584,445 shares, which represents 2.5% of its portfolio.
• Rocket Companies reported a 4.5% increase in quarterly revenue year-over-year, totaling $1.36 billion, and exceeded earnings expectations with $0.04 EPS.
• Wall Street analysts have mixed ratings on Rocket Companies, with a current consensus rating of "Hold" and a target price of $17.04.

GFG Capital LLC bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 584,445 shares of the company's stock, valued at approximately $8,287,000. Rocket Companies comprises about 2.5% of GFG Capital LLC's portfolio, making the stock its 16th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System bought a new stake in Rocket Companies during the 2nd quarter worth approximately $200,000. Wealthcare Advisory Partners LLC grew its holdings in Rocket Companies by 76.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 50,291 shares of the company's stock worth $713,000 after acquiring an additional 21,711 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Rocket Companies during the 2nd quarter worth approximately $851,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Rocket Companies during the 2nd quarter worth approximately $341,000. Finally, Truist Financial Corp grew its holdings in Rocket Companies by 56.4% during the 2nd quarter. Truist Financial Corp now owns 15,806 shares of the company's stock worth $224,000 after acquiring an additional 5,697 shares during the last quarter. 4.59% of the stock is owned by institutional investors.

Rocket Companies Stock Down 0.3%

Rocket Companies stock opened at $16.23 on Thursday. 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, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56. The firm's fifty day moving average is $18.75 and its 200 day moving average is $15.18. The company has a market capitalization of $34.16 billion, a PE ratio of -324.60 and a beta of 2.23.

Rocket Companies (NYSE:RKT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $0.06 EPS. Rocket Companies's quarterly revenue was up 4.5% compared to the same quarter last year. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RKT shares. Keefe, Bruyette & Woods boosted their target price on shares of Rocket Companies from $14.00 to $15.00 and gave the stock a "market perform" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Rocket Companies from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. BTIG Research upgraded shares of Rocket Companies to a "strong-buy" rating in a research report on Tuesday, August 19th. Morgan Stanley boosted their price target on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Monday, September 29th. Finally, Jefferies Financial Group boosted their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.04.

Rocket Companies 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.

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