SEB Asset Management AB Invests $2.65 Million in Rocket Companies, Inc. $RKT

SEB Asset Management AB acquired a new position in Rocket Companies, Inc. (NYSE:RKT) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 185,778 shares of the company’s stock, valued at approximately $2,647,000.

Several other large investors have also recently added to or reduced their stakes in RKT. ORG Partners LLC raised its stake in Rocket Companies by 22.3% during the 4th quarter. ORG Partners LLC now owns 2,857 shares of the company’s stock valued at $55,000 after acquiring an additional 520 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Rocket Companies by 0.5% in the fourth quarter. Manchester Capital Management LLC now owns 116,466 shares of the company’s stock worth $2,255,000 after purchasing an additional 618 shares in the last quarter. Composition Wealth LLC grew its stake in shares of Rocket Companies by 2.7% in the fourth quarter. Composition Wealth LLC now owns 25,323 shares of the company’s stock worth $490,000 after purchasing an additional 668 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Rocket Companies by 26.1% during the third quarter. Parallel Advisors LLC now owns 3,267 shares of the company’s stock valued at $63,000 after purchasing an additional 677 shares during the period. Finally, Red Door Wealth Management LLC increased its holdings in shares of Rocket Companies by 6.7% during the first quarter. Red Door Wealth Management LLC now owns 11,138 shares of the company’s stock valued at $159,000 after purchasing an additional 698 shares during the period. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Price Performance

Shares of NYSE RKT opened at $12.79 on Friday. Rocket Companies, Inc. has a twelve month low of $12.17 and a twelve 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. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 255.72 and a beta of 2.16. The firm has a 50-day moving average of $14.05 and a two-hundred day moving average of $16.10.

Rocket Companies (NYSE:RKT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. The business’s revenue was up 167.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, analysts expect that Rocket Companies, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RKT. Keefe, Bruyette & Woods cut their price objective on shares of Rocket Companies from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. JPMorgan Chase & Co. decreased their target price on shares of Rocket Companies from $16.00 to $15.50 and set a “neutral” rating for the company in a research report on Monday, July 13th. Stephens assumed coverage on shares of Rocket Companies in a research note on Thursday, April 23rd. They set an “overweight” rating and a $22.50 target price on the stock. Zacks Research upgraded shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.00 price target on shares of Rocket Companies in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.73.

Rocket Companies News Roundup

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

• Positive Sentiment: Rocket announced it will release second-quarter 2026 results on August 6, with management hosting a conference call afterward. The scheduled update gives investors a near-term catalyst and could provide clarity on mortgage demand, margins, and guidance. Rocket Companies to Announce Second Quarter 2026 Results on August 6, 2026
• Positive Sentiment: Another report noted that Rocket’s earnings are expected to grow year over year, which suggests the company may be benefiting from improved operating trends heading into the print, even though analysts do not see a strong setup for an easy beat. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that San Francisco home prices have rebounded sharply since the financial crisis, highlighting strength in some housing markets and supporting Rocket’s broader real-estate ecosystem. From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
• Neutral Sentiment: At the same time, Redfin said U.S. pending home sales fell to a three-month low, a sign that housing activity remains soft and could keep pressure on mortgage originations and transaction volumes. Redfin Reports Pending Home Sales Fall to 3-Month Low
• Negative Sentiment: Analyst commentary ahead of the earnings release said Rocket does not have the strongest setup for an earnings beat, which may be contributing to caution and some pre-earnings selling. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

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.