MQS Administration LLC acquired a brand new stake in Rocket Corporations, Inc. (NYSE:RKT – Get Ranking) within the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities & Trade Fee. The institutional investor acquired 17,137 shares of the corporate’s inventory, valued at roughly $108,000.
Numerous different institutional buyers and hedge funds have additionally added to or decreased their stakes in RKT. JPMorgan Chase & Co. elevated its holdings in Rocket Corporations by 8.3% within the first quarter. JPMorgan Chase & Co. now owns 92,184 shares of the corporate’s inventory valued at $1,025,000 after buying a further 7,048 shares over the last quarter. Raymond James Monetary Companies Advisors Inc. elevated its holdings in shares of Rocket Corporations by 32.1% within the first quarter. Raymond James Monetary Companies Advisors Inc. now owns 16,693 shares of the corporate’s inventory price $186,000 after buying a further 4,056 shares within the final quarter. Financial institution of New York Mellon Corp elevated its holdings in shares of Rocket Corporations by 9.2% within the first quarter. Financial institution of New York Mellon Corp now owns 737,843 shares of the corporate’s inventory price $8,205,000 after buying a further 61,950 shares within the final quarter. US Bancorp DE elevated its holdings in shares of Rocket Corporations by 341.4% within the first quarter. US Bancorp DE now owns 4,414 shares of the corporate’s inventory price $49,000 after buying a further 3,414 shares within the final quarter. Lastly, Mitsubishi UFJ Belief & Banking Corp purchased a brand new stake in shares of Rocket Corporations within the first quarter price about $52,000. Institutional buyers personal 3.99% of the corporate’s inventory.
Rocket Corporations Inventory Efficiency
Shares of NYSE RKT opened at $8.66 on Friday. The inventory has a 50 day shifting common value of $8.71 and a 200 day shifting common value of $7.80. Rocket Corporations, Inc. has a 52 week low of $5.97 and a 52 week excessive of $11.70. The corporate has a debt-to-equity ratio of 0.97, a fast ratio of 10.67 and a present ratio of 10.67. The inventory has a market capitalization of $17.09 billion, a PE ratio of 27.06 and a beta of two.05.
Wall Road Analyst Weigh In
RKT has been the topic of a number of current analyst reviews. UBS Group set a $8.00 value goal on Rocket Corporations in a report on Wednesday, November twenty third. Citigroup elevated their value goal on Rocket Corporations from $7.00 to $8.00 and gave the inventory a “impartial” score in a report on Wednesday, March 1st. The Goldman Sachs Group elevated their value goal on Rocket Corporations from $7.00 to $8.00 and gave the inventory a “impartial” score in a report on Thursday, March 2nd. Credit score Suisse Group reiterated an “underperform” score and set a $7.00 value goal on shares of Rocket Corporations in a report on Thursday, March 2nd. Lastly, Wells Fargo & Firm elevated their value goal on Rocket Corporations from $7.00 to $10.00 and gave the inventory an “chubby” score in a report on Tuesday, December sixth. Three analysis analysts have rated the inventory with a promote score, six have issued a maintain score and one has given a purchase score to the inventory. Primarily based on knowledge from MarketBeat.com, Rocket Corporations presently has a median score of “Maintain” and a consensus goal value of $7.67.
Rocket Corporations Profile
(Get Ranking)
Rocket Corporations, Inc, a fintech holding firm, supplies mortgage lending, title and settlement companies, and different monetary expertise companies in the US and Canada. It operates by two segments, Direct to Shopper and Accomplice Community. The corporate’s options embrace Rocket Mortgage, a mortgage lender; Amrock that gives title insurance coverage, property valuation, and settlement companies; Rocket Houses, a house search platform and actual property agent referral community, which gives technology-enabled companies to help the house shopping for and promoting expertise; Rocket Auto, an automotive retail market that gives centralized and digital automotive gross sales help to on-line automotive buying platforms; and Rocket Loans, an online-based private loans enterprise.
Featured Tales
Obtain Information & Scores for Rocket Corporations Every day – Enter your e mail deal with beneath to obtain a concise day by day abstract of the newest information and analysts’ scores for Rocket Corporations and associated firms with MarketBeat.com’s FREE day by day e mail e-newsletter.
Supply hyperlink
