Okabena Investment Services Inc. Invests $1.63 Million in Rocket Companies, Inc. $RKT

Posted by Stanley Muller on Jun 16th, 2026

Okabena Investment Services Inc. bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT – Free Report) in the fourth quarter, HoldingsChannel reports. The firm bought 83,914 shares of the company’s stock, valued at approximately $1,625,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Rocket Companies by 280.3% during the 4th quarter. Vanguard Group Inc. now owns 87,256,540 shares of the company’s stock worth $1,689,287,000 after buying an additional 64,311,040 shares in the last quarter. Nuveen LLC raised its stake in shares of Rocket Companies by 5.5% during the 4th quarter. Nuveen LLC now owns 32,538,137 shares of the company’s stock worth $629,938,000 after buying an additional 1,706,659 shares in the last quarter. Morgan Stanley raised its stake in shares of Rocket Companies by 461.2% during the 4th quarter. Morgan Stanley now owns 27,009,279 shares of the company’s stock worth $522,900,000 after buying an additional 22,196,782 shares in the last quarter. ValueAct Holdings L.P. raised its stake in shares of Rocket Companies by 67.9% during the 3rd quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company’s stock worth $492,167,000 after buying an additional 10,270,018 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Rocket Companies by 323.9% during the 4th quarter. State Street Corp now owns 20,688,336 shares of the company’s stock worth $400,526,000 after buying an additional 15,807,776 shares in the last quarter. 4.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their target price on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Barclays raised Rocket Companies from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $22.00 to $19.00 in a research note on Monday, April 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.00 target price on shares of Rocket Companies in a research note on Monday, May 11th. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods cut their target price on Rocket Companies from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Rocket Companies has a consensus rating of “Moderate Buy” and an average price target of $20.93.

Check Out Our Latest Stock Analysis on Rocket Companies

Rocket Companies Stock Performance

NYSE RKT opened at $13.95 on Tuesday. Rocket Companies, Inc. has a 1-year low of $12.17 and a 1-year high of $24.36. The company has a market capitalization of $39.47 billion, a P/E ratio of 279.02 and a beta of 2.19. The business has a 50 day moving average price of $14.41 and a 200 day moving average price of $17.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.37 and a quick ratio of 4.37.

Rocket Companies (NYSE:RKT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Rocket Companies had a return on equity of 4.30% and a net margin of 2.78%.The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the business posted $0.04 EPS. Rocket Companies’s quarterly revenue was up 167.1% on a year-over-year basis. Sell-side analysts expect that Rocket Companies, Inc. will post 0.65 EPS for the current fiscal year.

Rocket Companies Profile

(Free Report)

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.