TD Asset Management Inc Makes New $169,000 Investment in Rocket Companies, Inc. $RKT

TD Asset Management Inc acquired a new position in shares of Rocket Companies, Inc. (NYSE:RKT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,935 shares of the company’s stock, valued at approximately $169,000.

Several other large investors also recently bought and sold shares of the company. Boston Partners increased its stake in 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. Vanguard Group Inc. increased its stake in Rocket Companies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 12,793,549 shares of the company’s stock worth $154,418,000 after buying an additional 273,475 shares in the last quarter. Nuveen LLC purchased a new stake in Rocket Companies during the 1st quarter worth approximately $96,470,000. Wellington Management Group LLP increased its stake in Rocket Companies by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 4,774,324 shares of the company’s stock worth $57,626,000 after buying an additional 69,147 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Rocket Companies during the 2nd quarter worth approximately $44,102,000. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Companies Price Performance

NYSE:RKT opened at $17.62 on Friday. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $22.56. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $37.07 billion, a P/E ratio of -352.30 and a beta of 2.23. The stock’s fifty day moving average is $18.60 and its two-hundred day moving average is $15.43.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.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 business earned $0.06 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. Equities analysts expect that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

RKT has been the topic of several recent research reports. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Rocket Companies in a report on Friday, October 10th. UBS Group set a $17.00 target price on Rocket Companies and gave the stock a “neutral” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods boosted their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. Jefferies Financial Group boosted their target price on Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their target price on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.12.

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.