Daiwa Securities Group Inc. Acquires 72,264 Shares of Rocket Companies, Inc. $RKT

Daiwa Securities Group Inc. boosted its holdings in Rocket Companies, Inc. (NYSE:RKT) by 599.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,329 shares of the company’s stock after acquiring an additional 72,264 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Rocket Companies were worth $1,632,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RKT. Pinnacle Bancorp Inc. lifted its position in Rocket Companies by 369.7% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock valued at $29,000 after acquiring an additional 1,183 shares in the last quarter. City State Bank bought a new position in Rocket Companies in the 4th quarter valued at about $30,000. Smithfield Trust Co bought a new position in Rocket Companies in the 4th quarter valued at about $32,000. Key Financial Inc bought a new position in Rocket Companies in the 4th quarter valued at about $32,000. Finally, Sound Income Strategies LLC lifted its position in Rocket Companies by 354.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,974 shares of the company’s stock valued at $38,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors own 4.59% of the company’s stock.

More Rocket Companies News

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

• Positive Sentiment: Shareholders approved Rocket Companies’ directors and equity compensation plan at the 2026 Annual Meeting, removing a potential governance overhang and signaling continued stockholder support. Rocket Companies Shareholders Back Directors and Equity Plan
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that housing conditions are increasingly favoring buyers in several markets, highlighting continued softness and affordability pressure in the broader mortgage and homebuying environment. Nashville, Miami and Austin—Once Pandemic Homebuying Hotspots—Are This Spring’s Strongest Buyer’s Markets
• Negative Sentiment: Rocket Companies announced and then upsized a private offering of senior notes due 2031 and 2034 from $1.2 billion to $1.5 billion, increasing debt obligations and potentially weighing on earnings quality and investor sentiment. Rocket Companies Announces Upsizing and Pricing of Senior Notes due 2031 and Senior Notes due 2034
• Negative Sentiment: The company also disclosed an earlier proposed $1.2 billion senior notes offering, reinforcing concerns that Rocket is leaning more heavily on debt financing in a still-challenging housing market. Rocket Companies Announces Offering of Senior Notes due 2031 and Senior Notes due 2034

Rocket Companies Price Performance

Rocket Companies stock opened at $12.61 on Thursday. Rocket Companies, Inc. has a 52 week low of $12.17 and a 52 week high of $24.36. The company’s 50 day moving average price is $14.48 and its two-hundred day moving average price is $17.15. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.13. The stock has a market cap of $35.68 billion, a P/E ratio of 252.22 and a beta of 2.19.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 167.1% compared to the same quarter last year. On average, equities analysts predict that Rocket Companies, Inc. will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on RKT. Zacks Research raised shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Barclays raised shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $22.00 to $19.00 in a research report on Monday, April 6th. JPMorgan Chase & Co. dropped their price target on shares of Rocket Companies from $24.00 to $16.50 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings raised shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Citizens Jmp began coverage on shares of Rocket Companies in a research report on Wednesday, March 25th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.93.

Rocket Companies Profile

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.