Kelleher Financial Advisors Takes Position in Rocket Companies, Inc. $RKT

Kelleher Financial Advisors acquired a new stake in shares of Rocket Companies, Inc. (NYSE:RKT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,140 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Rocket Companies by 148.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,163,399 shares of the company’s stock worth $14,042,000 after buying an additional 694,779 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Rocket Companies by 33.2% during the first quarter. Envestnet Asset Management Inc. now owns 29,845 shares of the company’s stock valued at $360,000 after buying an additional 7,432 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Rocket Companies by 52.1% in the first quarter. Stratos Wealth Partners LTD. now owns 24,717 shares of the company’s stock worth $298,000 after buying an additional 8,463 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Rocket Companies by 47.1% during the first quarter. Nisa Investment Advisors LLC now owns 78,100 shares of the company’s stock worth $1,007,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Rocket Companies by 8.2% in the 1st quarter. Arizona State Retirement System now owns 39,739 shares of the company’s stock worth $480,000 after purchasing an additional 3,023 shares in the last quarter. 4.59% of the stock is owned by hedge funds and other institutional investors.

Rocket Companies Trading Up 4.6%

Shares of RKT opened at $17.86 on Wednesday. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56. The stock has a market cap of $37.59 billion, a price-to-earnings ratio of 223.28 and a beta of 2.21. The firm has a 50 day simple moving average of $18.27 and a 200-day simple moving average of $15.90. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 18.74.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The company’s revenue was up 148.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Rocket Companies has set its Q4 2025 guidance at EPS. Equities analysts forecast that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on RKT. The Goldman Sachs Group restated a “neutral” rating and issued a $22.00 target price (up previously from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. Wall Street Zen downgraded Rocket Companies from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley lifted their price objective on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Jefferies Financial Group raised their price objective on Rocket Companies from $11.50 to $14.00 and gave the company a “hold” rating in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.54.

About Rocket Companies

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.