Cerity Partners LLC Grows Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Cerity Partners LLC raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 1,557.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 345,137 shares of the company's stock after buying an additional 324,314 shares during the quarter. Cerity Partners LLC owned about 0.25% of Clear Secure worth $9,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in YOU. GAMMA Investing LLC grew its holdings in shares of Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank bought a new stake in Clear Secure during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. grew its stake in Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after buying an additional 766 shares in the last quarter. Harbour Investments Inc. grew its stake in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Clear Secure in the 4th quarter worth $83,000. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Performance

Shares of YOU stock traded down $0.23 on Tuesday, hitting $27.09. 835,363 shares of the company's stock traded hands, compared to its average volume of 1,995,551. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 31.48 and a beta of 1.25. The company's fifty day simple moving average is $24.87 and its 200 day simple moving average is $27.42. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

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Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Company Profile

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.