Rocket Companies, Inc. (NYSE:RKT) Shares Sold by Amundi

Amundi cut its stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 87.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,419 shares of the company's stock after selling 219,911 shares during the period. Amundi's holdings in Rocket Companies were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RKT. KBC Group NV increased its holdings in shares of Rocket Companies by 58.1% in the fourth quarter. KBC Group NV now owns 6,056 shares of the company's stock valued at $68,000 after purchasing an additional 2,226 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Rocket Companies in the fourth quarter valued at approximately $135,000. Proficio Capital Partners LLC acquired a new position in Rocket Companies in the 4th quarter worth approximately $154,000. V Square Quantitative Management LLC raised its position in Rocket Companies by 130.2% during the 4th quarter. V Square Quantitative Management LLC now owns 14,371 shares of the company's stock worth $162,000 after buying an additional 8,127 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Rocket Companies during the 3rd quarter valued at approximately $235,000. Hedge funds and other institutional investors own 4.59% of the company's stock.

Analyst Ratings Changes

RKT has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Rocket Companies from $14.00 to $10.50 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Wedbush restated a "neutral" rating and issued a $13.00 target price on shares of Rocket Companies in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price target on Rocket Companies from $10.50 to $12.00 and gave the company an "underperform" rating in a research report on Monday, March 3rd. Finally, Morgan Stanley lowered their price objective on Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.83.

Remove Ads

Rocket Companies Price Performance

Shares of NYSE:RKT traded down $0.36 during midday trading on Tuesday, reaching $13.40. 4,839,879 shares of the company's stock traded hands, compared to its average volume of 3,416,530. The company has a market cap of $26.75 billion, a P/E ratio of -83.75 and a beta of 2.39. The company has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $14.53. The company has a debt-to-equity ratio of 1.51, a quick ratio of 15.47 and a current ratio of 15.47. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $21.38.

Rocket Companies Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, March 20th. Rocket Companies's dividend payout ratio is currently 801.25%.

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.