Customers call (or more commonly, use its mobile app or website) to get a new mortgage or refinance. A Solid Core BusinessĪs its name suggests, Rocket primarily operates a mortgage origination business. We’re going to take a long, hard look at the business, regulation, and valuation of RKT stock, and how investors should play one of 2020’s largest IPOs. And with only a 9.2% market share in a massive $2.2 trillion market, the company has ample room to grow. In just two short years, the Detroit-based fintech company has quietly become America’s largest mortgage originator. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.With shares rebounding yet again, it’s time to ask: is RKT stock a good long-term investment? Upending Mortgage Lending Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Employment Agreement dated as of October 2, 2022, by and between RKT Holdings, LLC and Tina Johnįintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.by and between RKT Holdings, LLC and Brian.Amendment Number Two to Loan and Security Agreement (MSR Facility) dated Apby and between Rocket Mortgage, LLC, as borrower, and Citibank, N.A., as lender.Its flagship company, Rocket Mortgage, has been named to Fortune magazine's list of '100 Best Companies to Work For' for 17 consecutive years. Rocket Companies has 22,000 team members across the United States and Canada. Rocket Companies offers an industry-leading client experience powered by our simple, fast, and trusted digital solutions. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. (This description is provided by the company.) The firm decreased its portfolio allocation in RKT by 19.19% over the last quarter.Ĭapital World Investors holds 3,632K shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 4,953K shares, representing a decrease of 15.61%. No change in the last quarter.ĪIM EQUITY FUNDS (INVESCO EQUITY FUNDS) - Invesco Oppenheimer Main Street Fund Class C holds 4,284K shares representing 3.34% ownership of the company. Technology Crossover Management X holds 4,450K shares representing 3.47% ownership of the company. The firm decreased its portfolio allocation in RKT by 11.22% over the last quarter. In it's prior filing, the firm reported owning 5,303K shares, representing a decrease of 9.08%. The firm increased its portfolio allocation in RKT by 895.70% over the last quarter.Ĭaledonia (Private) Investments Pty holds 4,862K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 5,176K shares, representing a decrease of 0.84%. Invesco holds 5,133K shares representing 4.00% ownership of the company. The put/call ratio of RKT is 0.75, indicating a bullish outlook. Total shares owned by institutions increased in the last three months by 2.98% to 94,975K shares. Average portfolio weight of all funds dedicated to RKT is 0.09%, a decrease of 4.31%. This is a decrease of 27 owner(s) or 6.12% in the last quarter. There are 414 funds or institutions reporting positions in Rocket Companies Inc.
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