Police & Firemen s Retirement System of New Jersey Acquires 6,962 Shares of Rocket Companies, Inc. $RKT

Police & Firemen s Retirement System of New Jersey boosted its holdings in Rocket Companies, Inc. (NYSE:RKT) by 36.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,178 shares of the company’s stock after acquiring an additional 6,962 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Rocket Companies were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in shares of Rocket Companies by 18.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,890 shares of the company’s stock worth $55,000 after purchasing an additional 605 shares during the last quarter. USS Investment Management Ltd increased its holdings in shares of Rocket Companies by 2.7% in the 1st quarter. USS Investment Management Ltd now owns 37,152 shares of the company’s stock worth $448,000 after buying an additional 967 shares during the last quarter. Amundi increased its holdings in shares of Rocket Companies by 3.1% in the 1st quarter. Amundi now owns 33,416 shares of the company’s stock worth $403,000 after buying an additional 997 shares during the last quarter. Missouri Trust & Investment Co raised its position in shares of Rocket Companies by 1.1% during the 2nd quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company’s stock valued at $1,339,000 after buying an additional 1,000 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Rocket Companies by 22.8% during the 1st quarter. CWM LLC now owns 6,702 shares of the company’s stock worth $81,000 after acquiring an additional 1,243 shares during the last quarter. Institutional investors own 4.59% of the company’s stock.

Analyst Ratings Changes

RKT has been the topic of a number of research analyst reports. Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rocket Companies in a report on Wednesday, October 8th. Wall Street Zen lowered Rocket Companies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Wednesday, September 10th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Rocket Companies in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Rocket Companies presently has a consensus rating of “Hold” and a consensus target price of $18.18.

Insider Buying and Selling at Rocket Companies

In other news, Director Matthew Rizik sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $16.70, for a total transaction of $41,750.00. Following the transaction, the director directly owned 1,020,684 shares of the company’s stock, valued at approximately $17,045,422.80. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 92.64% of the company’s stock.

Rocket Companies Trading Up 0.3%

Shares of RKT opened at $19.72 on Thursday. The stock has a market capitalization of $41.51 billion, a P/E ratio of 246.56 and a beta of 2.21. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56. The company has a quick ratio of 19.68, a current ratio of 19.68 and a debt-to-equity ratio of 2.16. The firm has a fifty day simple moving average of $17.65 and a two-hundred day simple moving average of $16.29.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The company’s quarterly revenue was up 148.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Rocket Companies Company 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.