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Rocket Companies Inc Ordinary Shares Class A RKT Stock Quote

| Rating as of

NYSE: RKT

Last close prices updated as of Feb 07, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 9.62
  • Sector Financial Services
  • Industry Mortgage Finance
  • Investment Style Small Value
  • Day Range 9.42  –  9.84
  • Year Range 5.97  –  14.32
  • Market Cap 1.1715 Bil
  • Volume / Avg 2.8 Mil /  2.9 Mil
  • Price / Sales 4.20
  • Price / Book 2.10
  • Forward Div Yield
  • Trailing Div Yield 10.50%

Morningstar‘s Stock Analysis RKT

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Rocket Remains in a Strong Competitive Position but Higher Rates Will Lead to Lower Earnings in 2022

Michael Miller Equity Analyst

Business Strategy and Outlook

| Michael Miller |

While Rocket Companies offers a variety of products and services, the firm is best known for its Rocket Mortgage segment, which provides Rocket with most of its revenue. The mortgage industry is fractured and highly competitive, but Rocket has distinguished itself by operating as an entirely digitally lender, originating and servicing its mortgages through its mobile app and website. Rocket has made substantial investments in automating the mortgage process and has been an industry leader in increasing loan processing speed and removing pain points for consumers. These investments along with its control over the appraisal and titling process, through its ownership of Amrock, have allowed the firm to offer an industry-leading mortgage experience to borrowers while also enjoying a cost structure advantage over its competitors.

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Key Statistics RKT

Company Profile RKT

Business Description

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

Contact
1050 Woodward Avenue
Detroit, MI, 48226
Industry Mortgage Finance
Employees 26,000

Related Articles RKT

FAQs for Rocket Companies Inc Ordinary Shares Class A Stock

No. RKT does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

RKT’s market cap is 1.17 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

RKT’s stock style is Small Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

RKT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare RKT’s historical performance against its industry peers and the overall market.