Rocket Companies, Inc. $RKT Shares Bought by Compass Wealth Management LLC

Key Points

• Compass Wealth Management increased its Rocket Companies stake by 21.4% in the third quarter, adding 96,936 shares to hold 549,884 shares worth approximately $6.3 million. Institutional ownership stands at 4.59%.
• Rocket reported quarterly revenue of $2.76 billion, up 91.9% year over year, while earnings of $0.16 per share matched expectations. However, the stock was trading at $11.74, well below its 52-week high of $24.36.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $19.12, but lower mortgage rates and expanded loan servicing are key potential catalysts, while weak housing activity and mortgage-rate pressure remain risks.

Compass Wealth Management LLC raised its holdings in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 21.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 549,884 shares of the company's stock after buying an additional 96,936 shares during the quarter. Rocket Companies comprises about 1.2% of Compass Wealth Management LLC's holdings, making the stock its 23rd largest position. Compass Wealth Management LLC's holdings in Rocket Companies were worth $6,329,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Amundi lifted its position in Rocket Companies by 152.1% during the first quarter. Amundi now owns 13,725,878 shares of the company's stock valued at $195,594,000 after purchasing an additional 8,280,463 shares during the last quarter. Andra AP fonden grew its stake in Rocket Companies by 48.0% in the 1st quarter. Andra AP fonden now owns 729,357 shares of the company's stock worth $10,393,000 after buying an additional 236,632 shares in the last quarter. Swiss National Bank increased its holdings in shares of Rocket Companies by 7.2% in the 1st quarter. Swiss National Bank now owns 2,696,000 shares of the company's stock worth $38,418,000 after buying an additional 180,500 shares during the last quarter. Maple Rock Capital Partners Inc. increased its holdings in shares of Rocket Companies by 76.9% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 5,543,600 shares of the company's stock worth $87,312,000 after buying an additional 2,410,400 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Rocket Companies in the 2nd quarter worth $67,795,000. 4.59% of the stock is currently owned by institutional investors.

Rocket Companies Price Performance

Shares of NYSE:RKT opened at $11.74 on Friday. The stock has a market cap of $33.24 billion, a PE ratio of 83.85, a PEG ratio of 3.32 and a beta of 2.23. The company's fifty day moving average is $12.67 and its 200 day moving average is $13.74. Rocket Companies, Inc. has a 52 week low of $10.18 and a 52 week high of $24.36. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.16.

Rocket Companies (NYSE:RKT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Rocket Companies had a net margin of 4.70% and a return on equity of 5.13%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm's revenue for the quarter was up 91.9% on a year-over-year basis. Research analysts anticipate that Rocket Companies, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In other Rocket Companies news, Rocket Mortgage CEO Jesse Bray sold 225,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $13.11, for a total value of $2,949,750.00. Following the completion of the sale, the insider owned 7,953,027 shares in the company, valued at approximately $104,264,183.97. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 450,000 shares of company stock valued at $5,687,074. 57.68% of the stock is owned by insiders.

Key Stories Impacting Rocket Companies

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

• Positive Sentiment: Rocket’s growing loan-servicing scale could provide a more recurring revenue stream and make the company less dependent on new mortgage originations. The platform may also be positioned to benefit if borrowing costs decline and refinancing activity improves. Rocket Companies steps up as loan-servicing scale expands
• Positive Sentiment: Analysts and investors see lower mortgage rates as a potential catalyst for Rocket Companies, which could unlock deferred home purchases, refinancing demand and broader growth opportunities. Lower Rates Could Unlock Rocket Companies’ Untapped Growth Potential
• Neutral Sentiment: Rocket Companies will release third-quarter 2026 results on October 29 and hold a conference call at 4:30 p.m. Eastern time. The announcement itself does not provide financial results, but the report is the next major catalyst for the stock. Rocket Companies to Announce Third Quarter 2026 Results
• Neutral Sentiment: Pre-earnings coverage highlights expectations for earnings growth, leaving investors focused on whether Rocket can meet or exceed forecasts when it reports. Rocket Companies Earnings Expected to Grow
• Negative Sentiment: Zacks cautions that Rocket may not have the typical factors associated with an earnings beat, increasing the risk of disappointment around the October 29 report. Rocket Companies Earnings Expectations
• Negative Sentiment: U.S. pending home sales fell to a record low in Redfin’s data, with mortgage rates remaining in the mid-7% range. Weak housing activity could pressure mortgage originations and near-term revenue. Redfin Reports U.S. Pending Home Sales Sink to a New Low

Analysts Set New Price Targets

RKT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Rocket Companies from $14.00 to $12.50 and set a "neutral" rating for the company in a report on Monday, October 12th. Benchmark reduced their target price on Rocket Companies from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Barclays reduced their target price on Rocket Companies from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Wells Fargo & Company set a $13.00 price target on Rocket Companies and gave the company an "equal weight" rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings raised Rocket Companies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.12.

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based financial technology company that operates a portfolio of consumer finance and real estate businesses. Its platform is designed to simplify the homeownership process through digital applications, automated workflows and online customer support.

The company's principal business is Rocket Mortgage, a residential mortgage lender and servicer offering home purchase, refinance and home equity products. Its broader portfolio includes Rocket Homes, a real estate services platform; Rocket Money, a personal finance app that helps consumers manage subscriptions, budgets and bills; Rocket Loans, which provides personal loans; and Rocket Pro, which supports mortgage brokers and other partners.

Rocket Companies traces its history to 1985, when Dan Gilbert founded Rock Financial.

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