Daiwa Securities Group Inc. Raises Position in Rocket Companies, Inc. $RKT

Daiwa Securities Group Inc. lifted its stake in shares of Rocket Companies, Inc. (NYSE:RKT) by 599.0% in the 4th quarter, HoldingsChannel reports. The firm owned 84,329 shares of the company’s stock after buying an additional 72,264 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Rocket Companies were worth $1,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its stake in shares of Rocket Companies by 369.7% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,503 shares of the company’s stock worth $29,000 after purchasing an additional 1,183 shares during the last quarter. City State Bank purchased a new stake in shares of Rocket Companies during the 4th quarter worth approximately $30,000. Smithfield Trust Co purchased a new stake in shares of Rocket Companies during the 4th quarter worth approximately $32,000. Key Financial Inc purchased a new stake in shares of Rocket Companies during the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC increased its stake in shares of Rocket Companies by 354.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,974 shares of the company’s stock worth $38,000 after purchasing an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies News Roundup

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

Analyst Ratings Changes

RKT has been the subject of several research analyst reports. Barclays upgraded shares of Rocket Companies from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $22.00 to $19.00 in a research note on Monday, April 6th. Citizens Jmp assumed coverage on shares of Rocket Companies in a research note on Wednesday, March 25th. They issued a “market perform” rating for the company. Weiss Ratings raised shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wells Fargo & Company dropped their target price on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, Zacks Research raised Rocket Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.93.

Rocket Companies Price Performance

RKT stock opened at $12.61 on Thursday. The firm has a 50 day moving average of $14.48 and a 200-day moving average of $17.15. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.13. Rocket Companies, Inc. has a 12 month low of $12.17 and a 12 month high of $24.36. The firm has a market capitalization 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.76 billion. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. Rocket Companies’s revenue was up 167.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. As a group, sell-side analysts predict that Rocket Companies, Inc. will post 0.65 earnings per share for the current fiscal year.

Rocket Companies Company 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.