<div id="readability-page-1"><p>Reynders McVeigh Capital Management LLC bought a new position in  Rocket Companies, Inc. (NYSE:RKT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The fund bought 664,457 shares of the company's stock, valued at approximately $9,422,000.</p><div><p><span></span><span>Get <strong>Rocket Companies</strong> alerts:</span></p></div><ul><li>3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound</li></ul><p>A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RKT. Boston Partners grew its stake in shares of  Rocket Companies by 6.2% in the 2nd quarter. Boston Partners now owns 14,560,706 shares of the company's stock worth $206,610,000 after buying an additional 856,367 shares in the last quarter.  Vanguard Group Inc. increased its stake in  Rocket Companies by 2.2% during the first quarter. Vanguard Group Inc. now owns 12,793,549 shares of the company's stock worth $154,418,000 after acquiring an additional 273,475 shares during the last quarter.  Wellington Management Group LLP raised its position in  Rocket Companies by 1.5% during the first quarter. Wellington Management Group LLP now owns 4,774,324 shares of the company's stock valued at $57,626,000 after purchasing an additional 69,147 shares during the period.  Third Point LLC bought a new stake in shares of  Rocket Companies in the 2nd quarter valued at approximately $67,355,000.  Finally, Broad Bay Capital Management LP purchased a new position in shares of  Rocket Companies in the 2nd quarter worth approximately $51,585,000. 4.59% of the stock is owned by institutional investors. </p><h2>Insider Activity</h2><p>In related news, Director Matthew Rizik sold 2,500 shares of the company's stock in a transaction on Friday, December 12th. The stock was sold at an average price of $18.99, for a total transaction of $47,475.00. Following the completion of the sale, the director directly owned 1,086,036 shares in the company, valued at $20,623,823.64. This represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders sold 17,500 shares of company stock valued at $325,650. Company insiders own  92.64% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><ul><li>3 Fintech Stocks That Are Set to Rise as Rates Fall</li></ul><p>Several equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of Rocket Companies from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and raised their target price for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft  reissued a &#34;buy&#34; rating on shares of Rocket Companies in a research report on Monday, October 13th. Weiss Ratings  restated a &#34;sell (d+)&#34; rating on shares of Rocket Companies in a research report on Monday, December 8th. Morgan Stanley increased their price target on Rocket Companies from $16.00 to $18.00 and gave the stock an &#34;equal weight&#34; rating in a report on Monday, September 29th. Finally, Wells Fargo &amp; Company upped their price objective on Rocket Companies from $15.00 to $17.00 and gave the company an &#34;equal weight&#34; rating in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of &#34;Hold&#34; and an average price target of $18.18.</p><p><b>Check Out Our Latest Stock Report on RKT</b></p><h2>Rocket Companies Stock Performance</h2><ul><li>Mortgage Pressures Ease, 3 Stocks to Rally on Lower Rates</li></ul><p>Shares of Rocket Companies stock opened at $18.70 on Monday. The company has a current ratio of 19.68, a quick ratio of 19.68 and a debt-to-equity ratio of 2.16. The stock's fifty day moving average price is $17.61 and its 200-day moving average price is $16.88. The firm has a market cap of $39.35 billion, a P/E ratio of 233.73 and a beta of 2.26. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $22.56. </p><p>Rocket Companies (NYSE:RKT - Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $0.08 EPS. The company's revenue for the quarter was up 148.1% on a year-over-year basis.  On average, equities research analysts expect that  Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year. </p><h2>About Rocket Companies</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Rocket Companies</li><li>Which Wall Street Analysts are the Most Accurate?</li><li>3 Underrated Robotics Stocks Poised for Huge Gains</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li></ul><p><strong>Want to see what other hedge funds are holding RKT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Companies, Inc. (NYSE:RKT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJLVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJLVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rocket Companies Right Now?</h2><p>Before you consider Rocket Companies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rocket Companies wasn't on the list.</p><p>While Rocket Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Reynders McVeigh Capital Management LLC invested $9.42 million in Rocket Companies, Inc. during Q2, purchasing 664,457 shares. Other institutional investors also adjusted their stakes. Insider Matthew Rizik sold 2,500 shares. Analysts have mixed ratings on the stock, with an average rating of 'Hold' and a price target of $18.18. Rocket Companies reported Q3 earnings of $0.07 per share, with revenue up 148.1% year-over-year.</p>

Reynders McVeigh Capital Management LLC Invests $9.42 Million in Rocket Companies, Inc. $RKT