Kelleher Financial Advisors Buys Shares of 22,140 Rocket Companies, Inc. $RKT

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners boosted its holdings in Rocket Companies by 6.2% during the second quarter. Boston Partners now owns 14,560,706 shares of the company’s stock valued at $206,610,000 after acquiring an additional 856,367 shares during the period. Vanguard Group Inc. raised 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 valued at $154,418,000 after purchasing an additional 273,475 shares during the last quarter. Nuveen LLC acquired a new stake in Rocket Companies in the 1st quarter worth $96,470,000. Wellington Management Group LLP grew its position in Rocket Companies by 1.5% during the first 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 bought a new stake in shares of Rocket Companies in the 2nd quarter worth approximately $44,102,000. Institutional investors own 4.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Rocket Companies from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Morgan Stanley boosted their target price on shares of Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Jefferies Financial Group increased their target price on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Rocket Companies in a research note on Wednesday, October 8th. Finally, Barclays set a $19.00 price target on Rocket Companies and gave the company a “cautious” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.54.

Rocket Companies Trading Up 4.6%

Shares of NYSE:RKT opened at $17.86 on Wednesday. The stock has a market capitalization of $37.59 billion, a PE ratio of 223.28 and a beta of 2.21. 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, Inc. has a one year low of $10.06 and a one year high of $22.56. The company’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $15.90.

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

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.