International Assets Investment Management LLC Has $142,000 Stock Position in Rocket Companies, Inc. (NYSE:RKT)

International Assets Investment Management LLC raised its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 3,429.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,377 shares of the company’s stock after purchasing an additional 7,168 shares during the period. International Assets Investment Management LLC’s holdings in Rocket Companies were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Rocket Companies by 4.1% in the 1st quarter. Swiss National Bank now owns 237,000 shares of the company’s stock valued at $3,448,000 after buying an additional 9,300 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Rocket Companies in the first quarter valued at approximately $2,698,000. Raymond James & Associates increased its position in shares of Rocket Companies by 48.7% during the third quarter. Raymond James & Associates now owns 300,612 shares of the company’s stock worth $5,769,000 after acquiring an additional 98,397 shares in the last quarter. Boston Partners raised its holdings in shares of Rocket Companies by 4.2% during the first quarter. Boston Partners now owns 9,382,173 shares of the company’s stock worth $136,462,000 after acquiring an additional 381,841 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in Rocket Companies in the 3rd quarter valued at $196,000. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RKT has been the topic of several recent research reports. Bank of America lifted their price target on Rocket Companies from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Wedbush boosted their target price on Rocket Companies from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Royal Bank of Canada raised their price target on shares of Rocket Companies from $16.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 11th. Barclays boosted their price objective on shares of Rocket Companies from $10.00 to $14.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their target price on shares of Rocket Companies from $13.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.15.

Rocket Companies Trading Up 2.2 %

Shares of NYSE:RKT opened at $16.10 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 13.18 and a current ratio of 13.18. Rocket Companies, Inc. has a 52-week low of $7.85 and a 52-week high of $21.38. The company has a 50-day simple moving average of $18.20 and a 200 day simple moving average of $16.16. The company has a market capitalization of $32.03 billion, a P/E ratio of 230.03 and a beta of 2.46.

About Rocket Companies

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.