Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,734 shares of the company's stock after acquiring an additional 16,975 shares during the quarter. Legal & General Group Plc owned 0.19% of Clear Secure worth $7,053,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Harbour Investments Inc. lifted its stake in Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Clear Secure by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company's stock worth $590,000 after purchasing an additional 461 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in Clear Secure by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock worth $843,000 after buying an additional 509 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Clear Secure by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock valued at $499,000 after buying an additional 612 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Performance

YOU traded down $0.03 during trading on Thursday, hitting $25.73. The stock had a trading volume of 304,487 shares, compared to its average volume of 1,995,848. The stock has a 50 day simple moving average of $25.27 and a two-hundred day simple moving average of $27.23. The company has a market capitalization of $3.52 billion, a PE ratio of 29.81 and a beta of 1.25. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 1.94%. Clear Secure's dividend payout ratio (DPR) is 32.47%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on YOU. Stifel Nicolaus lowered their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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.