Bank of New York Mellon Corp Sells 187,038 Shares of Rocket Companies, Inc. $RKT

Bank of New York Mellon Corp decreased its position in Rocket Companies, Inc. (NYSE:RKT) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,714,692 shares of the company’s stock after selling 187,038 shares during the quarter. Bank of New York Mellon Corp’s holdings in Rocket Companies were worth $52,934,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RKT. Vanguard Group Inc. increased its position in Rocket Companies by 280.3% during the 4th quarter. Vanguard Group Inc. now owns 87,256,540 shares of the company’s stock worth $1,689,287,000 after buying an additional 64,311,040 shares during the period. Price T Rowe Associates Inc. MD increased its position in Rocket Companies by 11,636.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,189,869 shares of the company’s stock worth $507,037,000 after acquiring an additional 25,966,725 shares during the period. Morgan Stanley increased its position in Rocket Companies by 461.2% during the fourth quarter. Morgan Stanley now owns 27,009,279 shares of the company’s stock worth $522,900,000 after acquiring an additional 22,196,782 shares during the period. State Street Corp raised its stake in Rocket Companies by 323.9% in the 4th quarter. State Street Corp now owns 20,688,336 shares of the company’s stock worth $400,526,000 after purchasing an additional 15,807,776 shares in the last quarter. Finally, ValueAct Holdings L.P. raised its stake in Rocket Companies by 55.1% in the 4th quarter. ValueAct Holdings L.P. now owns 39,380,652 shares of the company’s stock worth $762,409,000 after purchasing an additional 13,985,025 shares in the last quarter. Institutional investors own 4.59% of the company’s stock.

Rocket Companies Stock Performance

Shares of NYSE:RKT opened at $12.79 on Friday. Rocket Companies, Inc. has a 1 year low of $12.17 and a 1 year high of $24.36. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of 255.72 and a beta of 2.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.37 and a quick ratio of 4.37. The company’s 50 day simple moving average is $14.05 and its 200 day simple moving average is $16.10.

Rocket Companies (NYSE:RKT) last released its earnings results on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Rocket Companies had a return on equity of 4.30% and a net margin of 2.78%.The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 167.1% on a year-over-year basis. As a group, research analysts predict that Rocket Companies, Inc. will post 0.58 EPS for the current fiscal year.

Rocket Companies News Roundup

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Rocket announced it will release second-quarter 2026 results on August 6, with management hosting a conference call afterward. The scheduled update gives investors a near-term catalyst and could provide clarity on mortgage demand, margins, and guidance. Rocket Companies to Announce Second Quarter 2026 Results on August 6, 2026
• Positive Sentiment: Another report noted that Rocket’s earnings are expected to grow year over year, which suggests the company may be benefiting from improved operating trends heading into the print, even though analysts do not see a strong setup for an easy beat. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that San Francisco home prices have rebounded sharply since the financial crisis, highlighting strength in some housing markets and supporting Rocket’s broader real-estate ecosystem. From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
• Neutral Sentiment: At the same time, Redfin said U.S. pending home sales fell to a three-month low, a sign that housing activity remains soft and could keep pressure on mortgage originations and transaction volumes. Redfin Reports Pending Home Sales Fall to 3-Month Low
• Negative Sentiment: Analyst commentary ahead of the earnings release said Rocket does not have the strongest setup for an earnings beat, which may be contributing to caution and some pre-earnings selling. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Wall Street Analyst Weigh In

RKT has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Rocket Companies from $16.00 to $15.50 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Keefe, Bruyette & Woods lowered their price objective on Rocket Companies from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Wells Fargo & Company dropped their price objective on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Zacks Research upgraded Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Stephens initiated coverage on Rocket Companies in a report on Thursday, April 23rd. They set an “overweight” rating and a $22.50 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Rocket Companies has a consensus rating of “Moderate Buy” and an average target price of $20.73.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.