Hsbc Holdings PLC Reduces Position in Rocket Companies, Inc. $RKT

Key Points

• HSBC Holdings PLC significantly reduced its stake in Rocket Companies, Inc. by 85.7%, selling 124,681 shares and now holding just 20,804 shares valued at approximately $251,000.
• Institutional investors have also been active regarding Rocket Companies, with Envestnet Asset Management increasing its stake by 34.2%, adding to a trend of other firms acquiring more shares in the fourth quarter.
• Rocket Companies reported an earnings per share (EPS) of $0.04, surpassing analysts' expectations, and has set a Q3 2025 EPS guidance, indicating positive momentum in financial performance.

Hsbc Holdings PLC reduced its stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 85.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,804 shares of the company's stock after selling 124,681 shares during the period. Hsbc Holdings PLC's holdings in Rocket Companies were worth $251,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RKT. Nuveen LLC purchased a new stake in shares of Rocket Companies in the first quarter valued at approximately $96,470,000. Wellington Management Group LLP lifted its holdings in shares of Rocket Companies by 174.5% in the 4th quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company's stock worth $52,980,000 after buying an additional 2,990,837 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Rocket Companies by 52.7% in the 4th quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company's stock worth $91,455,000 after buying an additional 2,804,090 shares during the period. Boston Partners grew its position in shares of Rocket Companies by 11.3% during the 1st quarter. Boston Partners now owns 13,704,339 shares of the company's stock worth $165,421,000 after buying an additional 1,390,559 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Rocket Companies during the fourth quarter valued at $14,113,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RKT. Barclays upped their price objective on shares of Rocket Companies from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. The Goldman Sachs Group increased 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. UBS Group set a $16.00 price objective on shares of Rocket Companies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Morgan Stanley initiated coverage on Rocket Companies in a research report on Thursday, August 14th. They set an "equal weight" rating and a $16.00 target price on the stock. Finally, BTIG Research raised Rocket Companies to a "strong-buy" rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $15.81.

Rocket Companies Stock Up 5.8%

Shares of NYSE:RKT traded up $1.11 during trading on Friday, reaching $20.26. The stock had a trading volume of 39,272,945 shares, compared to its average volume of 17,202,980. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $21.38. The company has a market capitalization of $42.63 billion, a P/E ratio of -405.14 and a beta of 2.30. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm's 50-day simple moving average is $16.33 and its 200 day simple moving average is $14.31.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share 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 business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business earned $0.06 EPS. The company's 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, research analysts expect that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

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.