Bruni J V & Co. Co. lowered its holdings in shares of Rocket Companies, Inc. (NYSE:RKT – Free Report) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,665,735 shares of the company’s stock after selling 6,242 shares during the period. Rocket Companies makes up about 3.0% of Bruni J V & Co. Co.’s holdings, making the stock its 18th biggest position. Bruni J V & Co. Co.’s holdings in Rocket Companies were worth $24,120,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Rocket Companies by 39.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,153 shares of the company’s stock valued at $422,000 after purchasing an additional 8,269 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Rocket Companies in the 4th quarter valued at about $37,000. International Assets Investment Management LLC increased its position in Rocket Companies by 1,348.3% in the 4th quarter. International Assets Investment Management LLC now owns 34,889 shares of the company’s stock valued at $505,000 after buying an additional 32,480 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Rocket Companies during the 4th quarter worth approximately $886,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Rocket Companies by 232.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 16,028 shares of the company’s stock worth $240,000 after acquiring an additional 11,200 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors.
Rocket Companies Trading Up 1.2 %
NYSE RKT traded up $0.15 during trading on Friday, hitting $12.35. 1,530,759 shares of the company’s stock traded hands, compared to its average volume of 2,314,706. The firm has a market cap of $24.52 billion, a P/E ratio of -77.19, a PEG ratio of 9.62 and a beta of 2.42. The stock has a fifty day moving average of $12.61 and a two-hundred day moving average of $11.41. The company has a debt-to-equity ratio of 0.92, a current ratio of 9.78 and a quick ratio of 9.78. Rocket Companies, Inc. has a 12-month low of $7.17 and a 12-month high of $15.19.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on RKT shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price (up from $8.50) on shares of Rocket Companies in a research report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Rocket Companies in a research report on Wednesday, January 10th. They issued a “hold” rating and a $10.00 price target for the company. Bank of America boosted their target price on Rocket Companies from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Monday, March 18th. UBS Group increased their target price on Rocket Companies from $8.50 to $10.00 and gave the stock a “sell” rating in a research report on Monday, February 26th. Finally, Wells Fargo & Company decreased their price objective on Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. Six research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.02.
Read Our Latest Stock Report on Rocket Companies
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.
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