<div id="readability-page-1"><p>Rocket Companies, Inc. (NYSE:RKT - Get Free Report) shares dropped 3.6% on Friday . The company traded as low as $12.41 and last traded at $12.33. Approximately 2,724,266 shares traded hands during trading, a decline of 66% from the average daily volume of 8,106,365 shares. The stock had previously closed at $12.78.</p><div><p><span></span><span>Get <strong>Rocket Companies</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>Market Correction Here? These Stocks Are Worth Holding</li></ul><p>A number of analysts have commented on the stock. JPMorgan Chase &amp; Co. cut their price target on shares of Rocket Companies from $14.00 to $10.50 and set an &#34;underweight&#34; rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada  reiterated a &#34;sector perform&#34; rating and issued a $18.00 target price on shares of Rocket Companies in a research note on Tuesday, April 1st. Wedbush  restated an &#34;outperform&#34; rating and issued a $13.00 price objective on shares of Rocket Companies in a research note on Wednesday, April 16th. Barclays upgraded Rocket Companies from an &#34;underweight&#34; rating to an &#34;equal weight&#34; rating and lifted their target price for the stock from $10.00 to $14.00 in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette &amp; Woods increased their price target on Rocket Companies from $14.00 to $15.00 and gave the company a &#34;market perform&#34; rating in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned  a buy rating to the stock. Based on data from MarketBeat.com, Rocket Companies presently has an average rating of &#34;Hold&#34; and a consensus price target of $14.38.</p><p><b>View Our Latest Research Report on RKT</b></p><h2>Rocket Companies Stock Down 1.1 %</h2><ul><li>Mortgage Market Bottom? Why Rocket Companies Could Be a Buy</li></ul><p>The stock has a fifty day moving average price of $13.39 and a two-hundred day moving average price of $13.34. The company has a market cap of $25.23 billion, a price-to-earnings ratio of -79.00 and a beta of 2.35. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. </p><h2>Rocket Companies Cuts Dividend</h2><p>The firm also recently disclosed a  dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.80 dividend. The ex-dividend date  was Thursday, March 20th. Rocket Companies's dividend payout ratio (DPR) is 801.25%. </p><h2>Institutional Inflows and Outflows</h2><ul><li>Banking Stocks Lead the Week: Stronger Economy on the Horizon?</li></ul><p>A number of institutional investors and hedge funds have recently made changes to their positions in RKT. AXQ Capital LP boosted its stake in shares of  Rocket Companies by 125.7% in the fourth quarter. AXQ Capital LP now owns 146,691 shares of the company's stock valued at $1,652,000 after buying an additional 81,695 shares during the period.  Vanguard Group Inc. raised its holdings in  Rocket Companies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 12,520,074 shares of the company's stock valued at $140,976,000 after acquiring an additional 431,054 shares in the last quarter.  Quantbot Technologies LP lifted its position in shares of  Rocket Companies by 76.9% during the 4th quarter. Quantbot Technologies LP now owns 270,761 shares of the company's stock valued at $3,049,000 after acquiring an additional 117,728 shares during the period.  Charles Schwab Investment Management Inc. grew its holdings in shares of  Rocket Companies by 11.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,163,243 shares of the company's stock worth $13,098,000 after purchasing an additional 122,534 shares in the last quarter.  Finally, Wellington Management Group LLP increased its position in shares of  Rocket Companies by 174.5% in the fourth quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company's stock worth $52,980,000 after purchasing an additional 2,990,837 shares during the period. Institutional investors and hedge funds own  4.59% of the company's stock. </p><h2>About Rocket Companies</h2> (Get 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>Read More</h2><ul><li>Five stocks we like better than Rocket Companies</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Meta Takes A Bow With Q1 Earnings - Watch For Tariff Impact in Q2</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Amazon Earnings: 2 Reasons to Love It, 1 Reason to Be Cautious</li><li>What Are Dividends? Buy the Best Dividend Stocks</li><li>Palantir Earnings: 1 Bullish Signal and 1 Area of Concern</li></ul><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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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>Rocket Companies (NYSE:RKT) shares fell 3.6% to $12.33, with trading volume down 66% from average levels. Analysts have mixed ratings, with JPMorgan lowering its target to $10.50 and Barclays raising it to $14.00. The stock has an average rating of "Hold" and a consensus price target of $14.38. The company recently paid a $0.80 dividend, with a payout ratio of 801.25%. Institutional investors have increased their stakes, owning 4.59% of the company. Rocket Companies operates in mortgage lending and financial technology services in the U.S. and Canada.</p>

Rocket Companies (NYSE:RKT) Stock Price Down 3.6% - What's Next?