MFG Wealth Management Inc. Raises Holdings in Rocket Companies, Inc. $RKT

MFG Wealth Management Inc. increased its stake in Rocket Companies, Inc. (NYSE:RKT) by 20.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 234,540 shares of the company’s stock after buying an additional 39,449 shares during the quarter. Rocket Companies makes up 2.6% of MFG Wealth Management Inc.’s portfolio, making the stock its 5th biggest position. MFG Wealth Management Inc.’s holdings in Rocket Companies were worth $3,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Rocket Companies during the fourth quarter valued at $26,000. Acumen Wealth Advisors LLC bought a new stake in Rocket Companies in the fourth quarter worth $26,000. Pinnacle Bancorp Inc. grew its stake in shares of 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 last quarter. City State Bank purchased a new stake in shares of Rocket Companies in the fourth quarter worth $30,000. Finally, Smithfield Trust Co bought a new position in shares of Rocket Companies during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Stock Up 3.1%

Rocket Companies stock opened at $13.63 on Friday. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 97.36 and a beta of 2.19. The stock has a fifty day simple moving average of $14.00 and a two-hundred day simple moving average of $15.47. Rocket Companies, Inc. has a 12 month low of $12.17 and a 12 month high of $24.36. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.13.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Morgan Stanley upgraded shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $19.00 in a research note on Thursday, July 16th. Benchmark decreased their target price on shares of Rocket Companies from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Rocket Companies in a report on Tuesday, June 16th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.87.

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

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.