International Assets Investment Management LLC Invests $234,000 in Rocket Companies, Inc. $RKT

International Assets Investment Management LLC bought a new position in shares of Rocket Companies, Inc. (NYSE:RKT) in the second quarter, Holdings Channel reports. The firm bought 16,490 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also modified their holdings of RKT. Mather Group LLC. lifted its position in Rocket Companies by 312.2% during the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after acquiring an additional 1,970 shares in the last quarter. Brooklyn Investment Group lifted its position in Rocket Companies by 251.3% during the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock worth $41,000 after acquiring an additional 2,425 shares in the last quarter. GAMMA Investing LLC lifted its position in Rocket Companies by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after acquiring an additional 1,764 shares in the last quarter. TFC Financial Management Inc. acquired a new position in Rocket Companies during the 2nd quarter worth approximately $57,000. Finally, Signaturefd LLC lifted its position in Rocket Companies by 147.1% during the 1st quarter. Signaturefd LLC now owns 4,372 shares of the company’s stock worth $53,000 after acquiring an additional 2,603 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Stock Performance

RKT stock opened at $17.62 on Friday. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm has a market cap of $37.07 billion, a P/E ratio of -352.30 and a beta of 2.23. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $22.56. The stock’s 50 day simple moving average is $18.60 and its 200 day simple moving average is $15.43.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays set a $19.00 price target on Rocket Companies and gave the stock a “cautious” rating in a research report on Monday, October 6th. Bank of America raised Rocket Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $24.00 in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rocket Companies in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their target price on Rocket Companies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada upped their target price on Rocket Companies from $17.00 to $20.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Rocket Companies presently has an average rating of “Hold” and a consensus target price of $17.12.

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.