TFC Financial Management Inc. Invests $57,000 in Rocket Companies, Inc. $RKT

TFC Financial Management Inc. bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,006 shares of the company’s stock, valued at approximately $57,000.

Several other large investors also recently made changes to their positions in RKT. Mather Group LLC. grew its holdings in shares of Rocket Companies by 312.2% during the first quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after purchasing an additional 1,970 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Rocket Companies by 251.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $41,000 after purchasing an additional 2,425 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Rocket Companies by 82.4% in the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock valued at $47,000 after acquiring an additional 1,764 shares during the last quarter. Signaturefd LLC boosted its holdings in Rocket Companies by 147.1% in the first quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after acquiring an additional 2,603 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Rocket Companies by 81.6% in the first quarter. US Bancorp DE now owns 6,286 shares of the company’s stock valued at $76,000 after acquiring an additional 2,824 shares during the last quarter. Institutional investors own 4.59% of the company’s stock.

Analyst Upgrades and Downgrades

RKT has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Rocket Companies in a report on Wednesday, October 8th. UBS Group set a $17.00 price target on Rocket Companies and gave the company a “neutral” rating in a report on Friday, October 10th. Barclays set a $19.00 price target on Rocket Companies and gave the company a “cautious” rating in a report on Monday, October 6th. Jefferies Financial Group raised their price target 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 raised their price target on Rocket Companies from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.12.

Rocket Companies Trading Down 0.7%

NYSE:RKT opened at $16.61 on Friday. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56. The business’s 50-day moving average price is $18.70 and its two-hundred day moving average price is $15.32. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $34.96 billion, a price-to-earnings ratio of -332.20 and a beta of 2.23.

Rocket Companies (NYSE:RKT) last released its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

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.