Legal & General Group Plc Has $6.48 Million Stock Holdings in Rocket Companies, Inc. (NYSE:RKT)

Legal & General Group Plc reduced its position in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 24.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 575,842 shares of the company's stock after selling 183,654 shares during the period. Legal & General Group Plc's holdings in Rocket Companies were worth $6,484,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV lifted its position 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 buying an additional 2,226 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in Rocket Companies during the fourth quarter worth $99,000. Huntington National Bank increased its holdings in shares of Rocket Companies by 548,750.0% in the fourth quarter. Huntington National Bank now owns 10,977 shares of the company's stock valued at $124,000 after purchasing an additional 10,975 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Rocket Companies in the fourth quarter valued at $135,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Rocket Companies in the fourth quarter valued at about $136,000. Institutional investors own 4.59% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RKT. Keefe, Bruyette & Woods increased their price target on shares of Rocket Companies from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Barclays upgraded Rocket Companies from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $10.00 to $14.00 in a research note on Tuesday, April 8th. UBS Group dropped their target price on Rocket Companies from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price objective for the company in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $14.38.

Rocket Companies Price Performance

NYSE RKT traded up $0.77 during trading on Tuesday, hitting $12.32. 9,272,447 shares of the company's stock were exchanged, compared to its average volume of 4,606,917. The company has a market cap of $24.59 billion, a PE ratio of -77.00 and a beta of 2.35. 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, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The stock's 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.60.

Rocket Companies Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.80 dividend. The ex-dividend date was 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.