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

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

Rocket Companies Stock Up 2.4 %

Shares of Rocket Companies stock traded up $0.35 on Friday, reaching $14.86. The company's stock had a trading volume of 6,968,816 shares, compared to its average volume of 3,336,849. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of -92.84 and a beta of 2.39. The firm's fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $14.81. Rocket Companies has a 52 week low of $10.06 and a 52 week 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.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RKT. JPMorgan Chase & Co. reduced their price objective 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. UBS Group upgraded Rocket Companies from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $12.50 to $11.50 in a research report on Friday, January 10th. Morgan Stanley reduced their price objective on Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, December 19th. Wedbush reiterated a "neutral" rating and set a $13.00 price objective on shares of Rocket Companies in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods upped their price objective on Rocket Companies from $10.50 to $12.00 and gave the company an "underperform" rating in a research report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, Rocket Companies presently has an average rating of "Hold" and an average target price of $13.83.

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.