Rocket Companies, Inc. $RKT Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in Rocket Companies, Inc. (NYSE:RKT) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,181 shares of the company’s stock after selling 3,420 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Rocket Companies were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted 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 purchasing an additional 694,779 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Rocket Companies by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 29,845 shares of the company’s stock valued at $360,000 after purchasing an additional 7,432 shares during the last quarter. Arizona State Retirement System lifted its position in Rocket Companies by 8.2% during the first quarter. Arizona State Retirement System now owns 39,739 shares of the company’s stock worth $480,000 after buying an additional 3,023 shares in the last quarter. CWM LLC boosted its stake in Rocket Companies by 22.8% during the first quarter. CWM LLC now owns 6,702 shares of the company’s stock worth $81,000 after buying an additional 1,243 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in Rocket Companies by 713.1% during the first quarter. Edgestream Partners L.P. now owns 121,642 shares of the company’s stock worth $1,468,000 after buying an additional 106,681 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Price Performance

Rocket Companies stock opened at $17.08 on Friday. The company’s 50 day simple moving average is $18.17 and its 200-day simple moving average is $15.97. The company has a debt-to-equity ratio of 2.16, a quick ratio of 18.74 and a current ratio of 19.68. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $22.56. The company has a market capitalization of $35.94 billion, a price-to-earnings ratio of 213.48 and a beta of 2.21.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The firm’s revenue for the quarter was up 148.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Rocket Companies has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

RKT has been the topic of several analyst reports. Oppenheimer initiated coverage on Rocket Companies in a report on Thursday. They set an “outperform” rating and a $25.00 price target on the stock. Barclays set a $19.00 target price on shares of Rocket Companies and gave the stock a “cautious” rating in a research note on Monday, October 6th. Bank of America raised shares of Rocket Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a research note on Wednesday, September 10th. BTIG Research restated a “buy” rating and set a $25.00 price target on shares of Rocket Companies in a report on Friday, October 10th. Finally, Wells Fargo & Company upped their price objective on Rocket Companies from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.18.

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.