Russell Investments Group Ltd. Raises Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Russell Investments Group Ltd. lifted its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 66,141.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,898 shares of the company's stock after purchasing an additional 15,874 shares during the quarter. Russell Investments Group Ltd.'s holdings in Clear Secure were worth $424,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of YOU. GAMMA Investing LLC boosted its holdings in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank acquired a new position in shares of Clear Secure in the 4th quarter valued at $35,000. SRS Capital Advisors Inc. increased its holdings in Clear Secure by 56.1% in the fourth 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 in the last quarter. Harbour Investments Inc. raised its stake in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Clear Secure in the fourth quarter valued at approximately $83,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. 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. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Stock Performance

Clear Secure stock opened at $25.76 on Thursday. The stock has a 50-day simple moving average of $25.27 and a 200-day simple moving average of $27.23. The company has a market capitalization of $3.53 billion, a P/E ratio of 29.95 and a beta of 1.25. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Dividend Announcement

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

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