44,237 Shares in Rocket Companies, Inc. (NYSE:RKT) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 44,237 shares of the company's stock, valued at approximately $498,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Rocket Companies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,520,074 shares of the company's stock valued at $140,976,000 after acquiring an additional 431,054 shares during the last quarter. Boston Partners raised its position in Rocket Companies by 29.8% in the 4th quarter. Boston Partners now owns 12,313,780 shares of the company's stock worth $138,673,000 after purchasing an additional 2,829,292 shares during the period. JPMorgan Chase & Co. lifted its stake in Rocket Companies by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 8,161,979 shares of the company's stock worth $91,904,000 after purchasing an additional 174,978 shares during the last quarter. Wellington Management Group LLP boosted its position in Rocket Companies by 174.5% during the fourth quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company's stock valued at $52,980,000 after buying an additional 2,990,837 shares during the period. Finally, State Street Corp grew its stake 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 valued at $78,836,000 after buying an additional 1,269,795 shares during the last quarter. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group cut their price objective on Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. UBS Group upgraded Rocket Companies from a "sell" rating to a "neutral" rating and decreased their target price for the company from $12.50 to $11.50 in a report on Friday, January 10th. Wedbush restated a "neutral" rating and issued a $13.00 price objective on shares of Rocket Companies in a report on Wednesday, March 5th. Finally, Barclays raised shares of Rocket Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $10.00 to $14.00 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.25.

Rocket Companies Trading Down 3.8 %

Shares of Rocket Companies stock traded down $0.50 on Wednesday, hitting $12.70. 25,917,800 shares of the company traded hands, compared to its average volume of 4,349,188. Rocket Companies, Inc. has a 52 week low of $10.06 and a 52 week high of $21.38. The company has a market cap of $25.34 billion, a PE ratio of -79.34 and a beta of 2.35. The stock's 50 day moving average price is $13.54 and its 200-day moving average price is $14.00. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51.

Rocket Companies Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 20th. Rocket Companies's dividend payout ratio is presently 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.