Motley Fool Asset Management LLC Raises Holdings in Rocket Companies, Inc. $RKT

Motley Fool Asset Management LLC increased its position in Rocket Companies, Inc. (NYSE:RKT) by 667.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 262,536 shares of the company’s stock after buying an additional 228,341 shares during the period. Motley Fool Asset Management LLC’s holdings in Rocket Companies were worth $5,083,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RKT. Brooktree Capital Management increased its position in shares of Rocket Companies by 27.5% during the third quarter. Brooktree Capital Management now owns 148,653 shares of the company’s stock worth $2,881,000 after acquiring an additional 32,088 shares during the last quarter. Cibc World Market Inc. purchased a new stake in shares of Rocket Companies during the third quarter worth about $2,689,000. Vanguard Group Inc. increased its position in shares of Rocket Companies by 29.5% during the third quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company’s stock worth $444,684,000 after acquiring an additional 5,226,931 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Rocket Companies during the fourth quarter worth about $40,455,000. Finally, Baker Chad R purchased a new stake in shares of Rocket Companies during the fourth quarter worth about $1,926,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Rocket Companies Stock Down 4.3%

NYSE:RKT opened at $12.61 on Thursday. The company has a market capitalization of $35.68 billion, a price-to-earnings ratio of 252.22 and a beta of 2.19. Rocket Companies, Inc. has a one year low of $12.17 and a one year high of $24.36. The stock has a 50-day simple moving average of $14.48 and a 200 day simple moving average of $17.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.37 and a current ratio of 4.37.

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

Key Stories Impacting Rocket Companies

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Shareholders approved Rocket Companies’ directors and equity compensation plan at the 2026 Annual Meeting, removing a potential governance overhang and signaling continued stockholder support. Rocket Companies Shareholders Back Directors and Equity Plan
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that housing conditions are increasingly favoring buyers in several markets, highlighting continued softness and affordability pressure in the broader mortgage and homebuying environment. Nashville, Miami and Austin—Once Pandemic Homebuying Hotspots—Are This Spring’s Strongest Buyer’s Markets
• Negative Sentiment: Rocket Companies announced and then upsized a private offering of senior notes due 2031 and 2034 from $1.2 billion to $1.5 billion, increasing debt obligations and potentially weighing on earnings quality and investor sentiment. Rocket Companies Announces Upsizing and Pricing of Senior Notes due 2031 and Senior Notes due 2034
• Negative Sentiment: The company also disclosed an earlier proposed $1.2 billion senior notes offering, reinforcing concerns that Rocket is leaning more heavily on debt financing in a still-challenging housing market. Rocket Companies Announces Offering of Senior Notes due 2031 and Senior Notes due 2034

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RKT. Citizens Jmp began coverage on Rocket Companies in a research report on Wednesday, March 25th. They set a “market perform” rating on the stock. Wells Fargo & Company dropped their target price on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Compass Point assumed coverage on Rocket Companies in a research report on Tuesday, March 10th. They set a “buy” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Rocket Companies from $24.00 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings upgraded Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.93.

About Rocket Companies

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.