Schroder Investment Management Group Cuts Holdings in Clear Secure, Inc. (NYSE:YOU)

Schroder Investment Management Group lowered its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 232,875 shares of the company's stock after selling 330,957 shares during the quarter. Schroder Investment Management Group owned approximately 0.17% of Clear Secure worth $6,304,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Cerity Partners LLC bought a new position in shares of Clear Secure during the third quarter valued at approximately $690,000. The Manufacturers Life Insurance Company raised its holdings in Clear Secure by 6.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 46,461 shares of the company's stock worth $1,540,000 after purchasing an additional 2,689 shares in the last quarter. HighTower Advisors LLC raised its holdings in Clear Secure by 96.6% in the 3rd quarter. HighTower Advisors LLC now owns 79,906 shares of the company's stock worth $2,644,000 after purchasing an additional 39,270 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Clear Secure in the 3rd quarter worth about $956,000. Finally, Stifel Financial Corp boosted its stake in shares of Clear Secure by 90.3% during the 3rd quarter. Stifel Financial Corp now owns 32,765 shares of the company's stock valued at $1,086,000 after purchasing an additional 15,547 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Up 8.9 %

Shares of YOU stock traded up $2.14 during trading hours on Wednesday, hitting $26.10. 3,282,710 shares of the company's stock traded hands, compared to its average volume of 1,995,709. The stock's fifty day simple moving average is $24.66 and its two-hundred day simple moving average is $27.58. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 30.35 and a beta of 1.25.

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Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is 32.47%.

Wall Street Analyst Weigh In

YOU has been the subject of a number of research reports. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Stifel Nicolaus decreased their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.