Rocket Companies, Inc. (NYSE:RKT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,562 shares of the company's stock after selling 50,702 shares during the quarter. Deutsche Bank AG's holdings in Rocket Companies were worth $1,459,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Rocket Companies by 136.2% during the third quarter. Barclays PLC now owns 238,323 shares of the company's stock valued at $4,573,000 after acquiring an additional 137,441 shares in the last quarter. KBC Group NV lifted its position in shares of Rocket Companies by 58.1% during the 4th quarter. KBC Group NV now owns 6,056 shares of the company's stock valued at $68,000 after buying an additional 2,226 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Rocket Companies by 55.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 21,513 shares of the company's stock valued at $242,000 after purchasing an additional 7,635 shares during the period. Entropy Technologies LP increased its holdings in shares of Rocket Companies by 105.5% in the fourth quarter. Entropy Technologies LP now owns 93,695 shares of the company's stock worth $1,055,000 after purchasing an additional 48,098 shares during the last quarter. Finally, MFG Wealth Management Inc. bought a new position in Rocket Companies during the fourth quarter valued at $974,000. Hedge funds and other institutional investors own 4.59% of the company's stock.

Rocket Companies Price Performance

Rocket Companies stock traded up $0.18 during trading hours on Thursday, hitting $13.05. The stock had a trading volume of 7,753,863 shares, compared to its average volume of 5,680,805. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $21.38. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of -81.59 and a beta of 2.33. The stock's fifty day moving average is $12.68 and its two-hundred day moving average is $12.81. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Rocket Companies had a positive return on equity of 2.86% and a negative net margin of 0.38%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.04 EPS. The business's revenue for the quarter was down 10.8% on a year-over-year basis. As a group, analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Rocket Companies Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 20th. Rocket Companies's payout ratio is currently -4,273.33%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wedbush restated a "neutral" rating and issued a $12.00 price target (down from $13.00) on shares of Rocket Companies in a report on Friday, May 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $18.00 price objective on shares of Rocket Companies in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods decreased their price objective on Rocket Companies from $15.00 to $13.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. Barclays upgraded Rocket Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $10.00 to $14.00 in a report on Tuesday, April 8th. Finally, UBS Group raised their price objective on Rocket Companies from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.21.

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.