Vawter Financial Ltd. Purchases Shares of 67,625 Rocket Companies, Inc. $RKT

Vawter Financial Ltd. acquired a new position in shares of Rocket Companies, Inc. (NYSE:RKTFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 67,625 shares of the company’s stock, valued at approximately $1,311,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake 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 worth $55,000 after acquiring an additional 605 shares in the last quarter. Miller Wealth Advisors LLC increased its position in shares of Rocket Companies by 65.0% during the third quarter. Miller Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $32,000 after purchasing an additional 650 shares in the last quarter. Amundi lifted its holdings in shares of Rocket Companies by 2.3% in the 2nd quarter. Amundi now owns 34,170 shares of the company’s stock valued at $498,000 after purchasing an additional 754 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $62,000 after purchasing an additional 816 shares during the period. Finally, Cranbrook Wealth Management LLC grew its stake in Rocket Companies by 11.6% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 9,644 shares of the company’s stock worth $187,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 4.59% of the company’s stock.

Analysts Set New Price Targets

RKT has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Rocket Companies in a research report on Monday, December 29th. Barclays set a $22.00 price objective on shares of Rocket Companies and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Oppenheimer initiated coverage on shares of Rocket Companies in a research note on Thursday, November 13th. They set an “outperform” rating and a $25.00 target price for the company. BTIG Research reissued a “buy” rating and set a $25.00 price target on shares of Rocket Companies in a report on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods upped their price objective 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. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Rocket Companies currently has an average rating of “Hold” and a consensus price target of $20.50.

Get Our Latest Analysis on Rocket Companies

Insider Activity

In other news, Director Matthew Rizik sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $21.26, for a total value of $53,150.00. Following the completion of the sale, the director directly owned 1,046,036 shares of the company’s stock, valued at $22,238,725.36. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 32,500 shares of company stock worth $645,775. Corporate insiders own 92.64% of the company’s stock.

Key Rocket Companies News

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

Rocket Companies Trading Up 3.4%

NYSE RKT opened at $17.68 on Wednesday. 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 stock has a market capitalization of $37.20 billion, a P/E ratio of 220.97 and a beta of 2.31. Rocket Companies, Inc. has a 52-week low of $10.94 and a 52-week high of $24.36. The firm has a 50-day moving average price of $20.07 and a 200 day moving average price of $18.94.

Rocket Companies Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Rocket Companies (NYSE:RKT)

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