Invesco Ltd. Buys 20,441 Shares of Clear Secure, Inc. (NYSE:YOU)

Invesco Ltd. lifted its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,451 shares of the company's stock after purchasing an additional 20,441 shares during the period. Invesco Ltd. owned approximately 0.40% of Clear Secure worth $14,904,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after buying an additional 3,039,236 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Clear Secure by 112.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after acquiring an additional 1,463,748 shares during the period. Wellington Management Group LLP lifted its position in shares of Clear Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Clear Secure in the 4th quarter worth approximately $37,697,000. Finally, Copeland Capital Management LLC purchased a new position in Clear Secure during the 4th quarter worth approximately $30,724,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YOU has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Stifel Nicolaus decreased their price objective 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 reiterated an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Clear Secure Trading Up 3.1 %

NYSE YOU traded up $0.77 on Tuesday, reaching $25.70. The stock had a trading volume of 1,210,651 shares, compared to its average volume of 2,001,968. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The business has a 50 day moving average price of $25.21 and a 200 day moving average price of $27.24. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 29.88 and a beta of 1.25.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio is 32.47%.

Clear Secure 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.