86,545 Shares in Rocket Companies, Inc. (NYSE:RKT) Purchased by MFG Wealth Management Inc.

MFG Wealth Management Inc. bought a new stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 86,545 shares of the company's stock, valued at approximately $974,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Rocket Companies during the 3rd quarter valued at $39,000. KBC Group NV lifted its holdings in shares of Rocket Companies by 58.1% during the 4th 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 period. V Square Quantitative Management LLC bought a new position in shares of Rocket Companies during the 3rd quarter valued at $120,000. Blue Trust Inc. lifted its holdings in shares of Rocket Companies by 54.1% during the 3rd quarter. Blue Trust Inc. now owns 6,438 shares of the company's stock valued at $124,000 after buying an additional 2,261 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Rocket Companies by 3,429.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,377 shares of the company's stock valued at $142,000 after buying an additional 7,168 shares during the period. 4.59% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Companies Price Performance

NYSE:RKT traded up $0.22 on Friday, reaching $13.08. 2,525,195 shares of the company's stock traded hands, compared to its average volume of 3,174,933. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. The stock has a 50-day simple moving average of $11.87 and a 200-day simple moving average of $15.44. The firm has a market cap of $26.08 billion, a PE ratio of -81.72 and a beta of 2.43. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $21.38.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RKT shares. Morgan Stanley lowered their price target on Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, December 19th. Bank of America increased their price target on Rocket Companies from $14.00 to $15.00 and gave the company an "underperform" rating in a report on Thursday, November 14th. Piper Sandler lowered their price target on Rocket Companies from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. UBS Group raised Rocket Companies from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $12.50 to $11.50 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods decreased their target price on Rocket Companies from $11.50 to $10.50 and set an "underperform" rating on the stock in a report on Friday, January 3rd. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, Rocket Companies has a consensus rating of "Hold" and an average price target of $13.50.

Rocket Companies Company 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.