Arete Wealth Advisors LLC Invests $564,000 in Rocket Companies, Inc. $RKT

Arete Wealth Advisors LLC purchased a new position in Rocket Companies, Inc. (NYSE:RKT) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 46,721 shares of the company’s stock, valued at approximately $564,000.

A number of other institutional investors also recently made changes to their positions in RKT. Dimensional Fund Advisors LP lifted its stake in shares of Rocket Companies by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 247,778 shares of the company’s stock worth $2,790,000 after acquiring an additional 18,169 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Rocket Companies by 9.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 27,825 shares of the company’s stock worth $313,000 after purchasing an additional 2,437 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Rocket Companies by 8.1% in the 4th quarter. Northern Trust Corp now owns 618,703 shares of the company’s stock worth $6,967,000 after purchasing an additional 46,291 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Rocket Companies by 29.6% in the 4th quarter. Ameriprise Financial Inc. now owns 20,598 shares of the company’s stock worth $232,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Rocket Companies by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 33,035 shares of the company’s stock worth $372,000 after purchasing an additional 936 shares in the last quarter. 4.59% of the stock is owned by institutional investors and hedge funds.

Rocket Companies Price Performance

Shares of NYSE:RKT opened at $20.48 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. The company has a market cap of $43.10 billion, a PE ratio of -409.60 and a beta of 2.30. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $21.38. The firm has a 50 day simple moving average of $16.58 and a 200 day simple moving average of $14.41.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. Rocket Companies had a negative net margin of 0.01% and a positive return on equity of 3.18%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on RKT shares. UBS Group set a $16.00 target price on shares of Rocket Companies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. BTIG Research upgraded shares of Rocket Companies to a “strong-buy” rating in a report on Tuesday, August 19th. Jefferies Financial Group boosted their target price on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. The Goldman Sachs Group boosted their target price on shares of Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.81.

Rocket Companies Company 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.