Nisa Investment Advisors LLC Acquires 54,027 Shares of Rocket Companies, Inc. $RKT

Nisa Investment Advisors LLC grew its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 135.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 93,877 shares of the company’s stock after purchasing an additional 54,027 shares during the period. Nisa Investment Advisors LLC’s holdings in Rocket Companies were worth $1,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in Rocket Companies by 18.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company’s stock valued at $55,000 after buying an additional 605 shares in the last quarter. Amundi increased its holdings in shares of Rocket Companies by 2.3% during the second quarter. Amundi now owns 34,170 shares of the company’s stock valued at $498,000 after acquiring an additional 754 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Rocket Companies by 23.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,339 shares of the company’s stock worth $62,000 after purchasing an additional 816 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in Rocket Companies by 1.1% in the 2nd quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company’s stock worth $1,339,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cranbrook Wealth Management LLC grew its position in Rocket Companies by 11.6% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 9,644 shares of the company’s stock valued at $187,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies News Roundup

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

• Positive Sentiment: Media coverage highlights a big recent rally and a new 3‑year high after public discussion of a housing-affordability plan that investors view as favorable to mortgage originators. Rocket Stock Just Hit a New 3-Year High
• Positive Sentiment: Defiance launched RKTL, a daily 2x long ETF that gives traders leveraged exposure to RKT — this can boost trading volume and amplify upside moves (and downside risk). Defiance Launches RKTL
• Positive Sentiment: Technical/momentum note: recent intraday rallies (more than 10% on Friday) have left the shares consolidating — suggests traders are watching whether the breakout holds. Stock Of The Day: Will The Rocket Companies Breakout Hold?
• Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $24 price target — implies modest upside from current levels and suggests analysts are taking a cautious stance. JPMorgan Initiates Coverage
• Neutral Sentiment: Analyst commentary roundup shows mixed views; several firms are weighing the policy-driven optimism against execution and margin risks in mortgage origination/servicing. 8 Analysts Have This To Say About Rocket Companies
• Negative Sentiment: Director Matthew Rizik reported two small open‑market sales (2,500 shares on Jan. 9 and 2,500 shares on Jan. 12). The amounts are tiny relative to his >1M holding, but insider sales can signal profit-taking and may weigh on sentiment. SEC Form 4 Filing

Rocket Companies Price Performance

Shares of RKT opened at $22.76 on Wednesday. The firm has a market cap of $47.90 billion, a PE ratio of 284.55 and a beta of 2.29. The company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The firm has a fifty day simple moving average of $19.01 and a two-hundred day simple moving average of $17.89. Rocket Companies, Inc. has a 1-year low of $10.41 and a 1-year high of $23.50.

Rocket Companies (NYSE:RKT) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 148.1% on a year-over-year basis. On average, equities analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on RKT shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 target price (up from $16.00) on shares of Rocket Companies in a report on Wednesday, October 29th. Wells Fargo & Company raised their price target on shares of Rocket Companies from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Rocket Companies in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods increased their target price on Rocket Companies from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, December 18th. Finally, Morgan Stanley boosted their price target on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rocket Companies has a consensus rating of “Hold” and an average price target of $20.50.

Insider Transactions at Rocket Companies

In other Rocket Companies news, Director Matthew Rizik sold 2,500 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $19.44, for a total transaction of $48,600.00. Following the completion of the sale, the director directly owned 1,066,036 shares in the company, valued at $20,723,739.84. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 40,000 shares of company stock valued at $779,425 over the last 90 days. Company insiders own 92.64% of the company’s stock.

Rocket Companies Company Profile

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.