Trexquant Investment LP lessened its stake in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,225 shares of the company's stock after selling 92,392 shares during the period. Trexquant Investment LP's holdings in Rocket Companies were worth $205,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in Rocket Companies by 44.7% during the 3rd quarter. State Street Corp now owns 4,108,189 shares of the company's stock worth $78,836,000 after acquiring an additional 1,269,795 shares during the period. Barclays PLC grew its stake in Rocket Companies by 136.2% in the 3rd quarter. Barclays PLC now owns 238,323 shares of the company's stock worth $4,573,000 after buying an additional 137,441 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Rocket Companies by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,043,975 shares of the company's stock valued at $39,235,000 after buying an additional 12,735 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Rocket Companies by 22.1% during the third quarter. Virtu Financial LLC now owns 16,135 shares of the company's stock valued at $310,000 after acquiring an additional 2,925 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Rocket Companies by 804.3% during the 3rd quarter. Tidal Investments LLC now owns 315,764 shares of the company's stock valued at $6,060,000 after buying an additional 280,847 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on RKT shares. JPMorgan Chase & Co. dropped their price objective on shares of Rocket Companies from $14.00 to $10.50 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Wedbush reaffirmed an "outperform" rating and issued a $13.00 price objective on shares of Rocket Companies in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price objective on the stock in a report on Wednesday, April 2nd. Barclays upgraded Rocket Companies from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $10.00 to $14.00 in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $18.00 price target on shares of Rocket Companies in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $14.38.
Read Our Latest Analysis on Rocket Companies
Rocket Companies Stock Down 1.4 %
RKT stock traded down $0.17 during trading hours on Friday, hitting $12.08. The company's stock had a trading volume of 6,654,375 shares, compared to its average volume of 4,543,613. 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 moving average price of $13.50 and a two-hundred day moving average price of $13.76. The company has a market capitalization of $24.11 billion, a PE ratio of -75.49 and a beta of 2.35. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $21.38.
Rocket Companies Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, March 20th. Rocket Companies's dividend payout ratio is currently 801.25%.
Rocket Companies Profile
(
Free Report)
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.
Further Reading
Before you consider Rocket Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rocket Companies wasn't on the list.
While Rocket Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
