Clear Secure, Inc. (NYSE:YOU) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,631 shares of the company's stock after purchasing an additional 28,871 shares during the period. Principal Financial Group Inc. owned about 0.36% of Clear Secure worth $13,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YOU. Blue Trust Inc. increased its position in shares of Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after buying an additional 2,696 shares in the last quarter. New York State Teachers Retirement System grew its stake in Clear Secure by 24.4% in the 4th quarter. New York State Teachers Retirement System now owns 47,756 shares of the company's stock valued at $1,272,000 after acquiring an additional 9,380 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Clear Secure by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company's stock valued at $1,209,000 after acquiring an additional 800 shares during the last quarter. Shaker Investments LLC OH purchased a new position in Clear Secure during the 4th quarter valued at about $560,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Clear Secure during the fourth quarter worth about $342,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Performance

Shares of YOU stock traded up $1.15 during trading hours on Friday, reaching $23.70. The company had a trading volume of 3,477,542 shares, compared to its average volume of 1,986,250. The stock's fifty day simple moving average is $24.84 and its 200 day simple moving average is $28.43. The company has a market capitalization of $3.30 billion, a P/E ratio of 27.56 and a beta of 1.38. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88.

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Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's dividend payout ratio is currently 32.47%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wedbush reiterated a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday. Stifel Nicolaus dropped their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Clear Secure has a consensus rating of "Moderate Buy" and an average price target 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.