2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC boosted its stake in shares of Rocket Companies, Inc. ( NYSE:RKT – Free Report ) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 143,987 shares of the company’s stock after buying an additional 31,111 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Rocket Companies were worth $1,621,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in the stock.
Swiss National Bank boosted its position in Rocket Companies by 1.3% during the fourth quarter. Swiss National Bank now owns 248,900 shares of the company’s stock worth $2,803,000 after purchasing an additional 3,200 shares during the period.
Daiwa Securities Group Inc. bought a new position in shares of Rocket Companies in the fourth quarter worth $136,000. Raymond James Financial Inc.
bought a new position in shares of Rocket Companies in the fourth quarter worth $3,469,000. Proficio Capital Partners LLC purchased a new position in shares of Rocket Companies in the fourth quarter valued at $154,000. Finally, Victory Capital Management Inc.
boosted its stake in Rocket Companies by 74.9% in the 4th quarter. Victory Capital Management Inc.
now owns 117,448 shares of the company’s stock worth $1,322,000 after purchasing an additional 50,287 shares during the period. Institutional investors own 4.59% of the company’s stock.
Wall Street Analysts Forecast Growth RKT has been the topic of a number of recent analyst reports. Wedbush reissued a “neutral” rating and issued a $13.00 price target on shares of Rocket Companies in a report on Wednesday, March 5th.
UBS Group raised shares of Rocket Companies from a “sell” rating to a “neutral” rating and cut their price target for the company from $12.50 to $11.50 in a report on Friday, January 10th.
JPMorgan Chase & Co. lowered their price objective on Rocket Companies from $14.00 to $10.
50 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley decreased their target price on Rocket Companies from $16.00 to $13.
00 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group dropped their price target on Rocket Companies from $16.00 to $14.
00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, Rocket Companies presently has an average rating of “Hold” and an average target price of $13.
83. Rocket Companies Stock Down 1.0 % RKT opened at $13.
03 on Friday. The company has a market cap of $26.00 billion, a P/E ratio of -81.
41 and a beta of 2.39. Rocket Companies, Inc.
has a 12 month low of $10.06 and a 12 month high of $21.38.
The business’s 50-day moving average price is $13.33 and its 200-day moving average price is $14.39.
The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.
51. Rocket Companies Cuts Dividend The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.
80 dividend. The ex-dividend date is Thursday, March 20th. Rocket Companies’s dividend payout ratio is 801.
25%. About Rocket Companies ( Free Report ) 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. Featured Stories Five stocks we like better than Rocket Companies How to Know Which Cryptocurrency to Buy: A Guide for Investors MarketBeat Week in Review – 03/24 – 03/28 Insider Trades May Not Tell You What You Think Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low Why Understanding Call Option Volume is Essential to Successful Options Trading 4 Healthcare Stocks With Massive Gains—and More to Come Receive News & Ratings for Rocket Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Companies and related companies with MarketBeat.com's FREE daily email newsletter .
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