Bank of New York Mellon Corp Has $24.83 Million Stock Position in Clear Secure, Inc. (NYSE:YOU)

Bank of New York Mellon Corp grew its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 931,899 shares of the company's stock after purchasing an additional 209,029 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of Clear Secure worth $24,826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in YOU. Capital Performance Advisors LLP bought a new stake in Clear Secure in the 3rd quarter valued at $26,000. GAMMA Investing LLC lifted its stake in shares of Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 771 shares during the period. Louisiana State Employees Retirement System grew its position in Clear Secure by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company's stock worth $1,209,000 after buying an additional 800 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Clear Secure by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 53,431 shares of the company's stock valued at $1,423,000 after acquiring an additional 821 shares during the period. Finally, KBC Group NV increased its position in shares of Clear Secure by 50.1% during the fourth quarter. KBC Group NV now owns 4,063 shares of the company's stock valued at $108,000 after purchasing an additional 1,357 shares during the period. 73.80% of the stock is currently owned by institutional investors.

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Clear Secure Stock Performance

Clear Secure stock traded down $0.11 during trading hours on Thursday, hitting $24.91. 1,792,436 shares of the stock were exchanged, compared to its average volume of 2,154,533. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The business's 50-day moving average is $24.50 and its two-hundred day moving average is $28.25. The stock has a market capitalization of $3.47 billion, a P/E ratio of 28.96 and a beta of 1.37.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, March 10th. Clear Secure's payout ratio is presently 32.47%.

Analyst Ratings Changes

A number of research firms have weighed in on YOU. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus decreased their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Clear Secure has a consensus rating of "Moderate Buy" and an average target price of $34.00.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.