Raymond James Financial Inc. Acquires New Position in Clear Secure, Inc. (NYSE:YOU)

Raymond James Financial Inc. acquired a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 63,638 shares of the company's stock, valued at approximately $1,695,000.

A number of other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Clear Secure by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 872,154 shares of the company's stock valued at $28,903,000 after purchasing an additional 55,136 shares in the last quarter. Citigroup Inc. increased its position in shares of Clear Secure by 257.9% in the third quarter. Citigroup Inc. now owns 107,858 shares of the company's stock valued at $3,574,000 after buying an additional 77,718 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Clear Secure during the 3rd quarter worth approximately $690,000. The Manufacturers Life Insurance Company lifted its position in shares of Clear Secure by 6.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 46,461 shares of the company's stock valued at $1,540,000 after buying an additional 2,689 shares in the last quarter. Finally, FMR LLC grew its stake in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after acquiring an additional 1,547,692 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on YOU shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus reduced 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. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

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Clear Secure Price Performance

YOU traded up $0.61 on Wednesday, reaching $26.41. 1,360,963 shares of the company's stock were exchanged, compared to its average volume of 1,962,873. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The stock has a market cap of $3.61 billion, a PE ratio of 30.71 and a beta of 1.37. The stock's fifty day moving average price is $24.46 and its 200-day moving average price is $27.92.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

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.