Patriot Financial Group Insurance Agency LLC Purchases Shares of 24,032 Rocket Companies, Inc. $RKT

Patriot Financial Group Insurance Agency LLC purchased a new stake in Rocket Companies, Inc. (NYSE:RKT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,032 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also modified their holdings of RKT. Mather Group LLC. lifted its stake in shares of Rocket Companies by 312.2% during the first quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock valued at $31,000 after buying an additional 1,970 shares during the period. Parallel Advisors LLC lifted its stake in shares of Rocket Companies by 302.2% during the first quarter. Parallel Advisors LLC now owns 2,956 shares of the company’s stock valued at $36,000 after buying an additional 2,221 shares during the period. Brooklyn Investment Group lifted its stake in shares of Rocket Companies by 251.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $41,000 after buying an additional 2,425 shares during the period. GAMMA Investing LLC lifted its stake in shares of Rocket Companies by 82.4% during the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock valued at $47,000 after buying an additional 1,764 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Rocket Companies by 147.1% during the first quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock valued at $53,000 after buying an additional 2,603 shares during the period. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RKT. Weiss Ratings reissued a “sell (d)” rating on shares of Rocket Companies in a research note on Saturday, September 27th. Morgan Stanley upped their price objective on shares of Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods upped their price objective on shares of Rocket Companies from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Tuesday, August 5th. UBS Group set a $16.00 price target on shares of Rocket Companies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, Barclays increased their price target on shares of Rocket Companies from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.65.

Rocket Companies Stock Performance

NYSE:RKT opened at $17.78 on Friday. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. The company has a market cap of $37.42 billion, a P/E ratio of -355.60 and a beta of 2.23. Rocket Companies, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $22.56. The firm’s 50 day moving average is $18.66 and its two-hundred day moving average is $15.14.

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

Rocket Companies 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.