Rocket Companies, Inc. $RKT Holdings Lifted by MFG Wealth Management Inc.

MFG Wealth Management Inc. raised its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 20.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,540 shares of the company’s stock after purchasing an additional 39,449 shares during the period. Rocket Companies accounts for about 2.6% of MFG Wealth Management Inc.’s holdings, making the stock its 5th largest holding. MFG Wealth Management Inc.’s holdings in Rocket Companies were worth $3,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RKT. Truvestments Capital LLC purchased a new position in shares of Rocket Companies during the fourth quarter valued at approximately $26,000. Acumen Wealth Advisors LLC bought a new position in shares of Rocket Companies during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. lifted its stake in Rocket Companies by 369.7% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock worth $29,000 after acquiring an additional 1,183 shares during the period. City State Bank purchased a new stake in Rocket Companies in the fourth quarter worth $30,000. Finally, Smithfield Trust Co bought a new stake in Rocket Companies in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Trading Up 3.1%

NYSE RKT opened at $13.63 on Friday. The firm has a market capitalization of $38.57 billion, a PE ratio of 97.36 and a beta of 2.19. The stock’s 50 day moving average is $14.00 and its 200 day moving average is $15.47. Rocket Companies, Inc. has a twelve month low of $12.17 and a twelve month high of $24.36. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.13.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. Rocket Companies had a return on equity of 5.50% and a net margin of 4.70%.The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. Research analysts forecast that Rocket Companies, Inc. will post 0.54 earnings per share for the current fiscal year.

More Rocket Companies News

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

• Positive Sentiment: Rocket reported second-quarter adjusted revenue of $2.76 billion and GAAP net income of $229 million, while adjusted net income reached $441 million. Earnings of $0.16 per share matched expectations and improved from $0.04 a year earlier. Rocket Companies Announces Second Quarter 2026 Results
• Positive Sentiment: Management highlighted record mortgage-market-share gains and greater efficiency from artificial intelligence, which helped offset weakness in the broader housing market. Revenue increased approximately 92% year over year. RKT Q2 Earnings Match, Revenues Miss Amid Housing Weakness

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RKT shares. Stephens reduced their price objective on shares of Rocket Companies from $22.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company cut their target price on shares of Rocket Companies from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday. Barclays cut their target price on shares of Rocket Companies from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Rocket Companies from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Rocket Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.87.

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.