Bruni J V & Co. Co. Purchases 324,976 Shares of Rocket Companies, Inc. (NYSE:RKT)

Bruni J V & Co. Co. lifted its position in shares of Rocket Companies, Inc. (NYSE:RKT) by 21.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,860,060 shares of the company’s stock after buying an additional 324,976 shares during the quarter. Rocket Companies accounts for approximately 2.4% of Bruni J V & Co. Co.’s holdings, making the stock its 21st largest position. Bruni J V & Co. Co.’s holdings in Rocket Companies were worth $20,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Rocket Companies during the 4th quarter worth $154,000. Bank of New York Mellon Corp grew its stake in shares of Rocket Companies by 39.4% during the 4th quarter. Bank of New York Mellon Corp now owns 468,620 shares of the company’s stock worth $5,277,000 after acquiring an additional 132,453 shares during the period. Vawter Financial Ltd. bought a new position in shares of Rocket Companies during the 4th quarter worth $716,000. Truist Financial Corp grew its stake in shares of Rocket Companies by 12.6% during the 4th quarter. Truist Financial Corp now owns 23,373 shares of the company’s stock worth $263,000 after acquiring an additional 2,621 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in Rocket Companies by 130.2% in the 4th quarter. V Square Quantitative Management LLC now owns 14,371 shares of the company’s stock worth $162,000 after purchasing an additional 8,127 shares during the period. Institutional investors own 4.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America raised their target price on Rocket Companies from $14.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 14th. Royal Bank of Canada cut their target price on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group cut their target price on Rocket Companies from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Finally, Piper Sandler cut their target price on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.71.

Rocket Companies Stock Performance

Shares of NYSE RKT opened at $14.04 on Friday. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of -87.72 and a beta of 2.43. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $21.38. The stock’s 50-day moving average is $12.06 and its 200 day moving average is $15.17.

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.