Rocket Companies, Inc. (NYSE:RKT) Declares Dividend of $0.80

Rocket Companies, Inc. (NYSE:RKT) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.80 per share on Thursday, April 3rd. The ex-dividend date of this dividend is Thursday, March 20th.

Rocket Companies Trading Up 5.7 %

RKT stock opened at $15.71 on Tuesday. The company has a market cap of $31.37 billion, a P/E ratio of -98.21 and a beta of 2.39. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average of $12.80 and a 200-day moving average of $14.71.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RKT. JPMorgan Chase & Co. dropped their target price on Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group decreased their price objective 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. Morgan Stanley decreased their price objective on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. UBS Group raised Rocket Companies from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $12.50 to $11.50 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on Rocket Companies from $10.50 to $12.00 and gave the stock an “underperform” rating in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.83.

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.