Bruni J V & Co. Co. Acquires 324,976 Shares of Rocket Companies, Inc. (NYSE:RKT)

Bruni J V & Co. Co. grew its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 21.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,860,060 shares of the company’s stock after buying an additional 324,976 shares during the period. Rocket Companies makes up 2.4% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 21st largest holding. Bruni J V & Co. Co. owned about 0.09% of Rocket Companies worth $20,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RKT. State Street Corp raised its position in shares of Rocket Companies by 44.7% during the third quarter. State Street Corp now owns 4,108,189 shares of the company’s stock worth $78,836,000 after purchasing an additional 1,269,795 shares during the period. Geode Capital Management LLC raised its position in shares of Rocket Companies by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,043,975 shares of the company’s stock worth $39,235,000 after purchasing an additional 12,735 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Rocket Companies by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,040,709 shares of the company’s stock worth $19,971,000 after purchasing an additional 72,308 shares during the period. Bank of New York Mellon Corp raised its position in shares of Rocket Companies by 39.4% during the fourth quarter. Bank of New York Mellon Corp now owns 468,620 shares of the company’s stock worth $5,277,000 after purchasing an additional 132,453 shares during the period. Finally, Philip James Wealth Mangement LLC acquired a new position in shares of Rocket Companies during the third quarter worth approximately $6,811,000. 4.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group raised Rocket Companies from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $12.50 to $11.50 in a research report on Friday, January 10th. Bank of America upped their target price on Rocket Companies from $14.00 to $15.00 and gave the stock an “underperform” rating in a research report on Thursday, November 14th. Barclays lowered their price target on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Royal Bank of Canada lowered their price target on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 13th. Finally, Wedbush reissued a “neutral” rating and issued a $13.00 price target (down from $18.00) on shares of Rocket Companies in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, Rocket Companies currently has an average rating of “Hold” and an average price target of $13.71.

Rocket Companies Trading Up 9.4 %

Shares of Rocket Companies stock opened at $14.04 on Friday. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $21.38. The firm has a market cap of $28.00 billion, a PE ratio of -87.72 and a beta of 2.43. The stock has a fifty day moving average price of $12.06 and a 200-day moving average price of $15.17. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.

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.