Wilmington Savings Fund Society FSB bought a new stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,395 shares of the company's stock, valued at approximately $757,000.
Other large investors have also modified their holdings of the company. Mather Group LLC. boosted its holdings in shares of Rocket Companies by 312.2% in the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company's stock valued at $31,000 after buying an additional 1,970 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Rocket Companies by 251.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock valued at $41,000 after buying an additional 2,425 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rocket Companies by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock valued at $47,000 after buying an additional 1,764 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Rocket Companies by 147.1% in the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company's stock valued at $53,000 after buying an additional 2,603 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in Rocket Companies in the 2nd quarter valued at $86,000. Institutional investors and hedge funds own 4.59% of the company's stock.
Rocket Companies Stock Down 0.7%
Shares of Rocket Companies stock opened at $16.61 on Friday. The company has a market cap of $34.96 billion, a P/E ratio of -332.20 and a beta of 2.23. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $22.56. The firm has a fifty day moving average of $18.70 and a two-hundred day moving average of $15.32.
Rocket Companies (NYSE:RKT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. Rocket Companies's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. On average, analysts forecast that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently commented on RKT. BTIG Research reiterated a "buy" rating and issued a $25.00 price target on shares of Rocket Companies in a research report on Friday, October 10th. Morgan Stanley upped their price target on shares of Rocket Companies from $16.00 to $18.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Weiss Ratings reiterated a "sell (d)" rating on shares of Rocket Companies in a research report on Wednesday, October 8th. UBS Group set a $17.00 price target on shares of Rocket Companies and gave the company a "neutral" rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rocket Companies in a research report on Monday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $17.12.
Check Out Our Latest Analysis on Rocket Companies
About Rocket Companies
(
Free Report)
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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