Clear Secure, Inc. (NYSE:YOU) Stock Position Decreased by Schroder Investment Management Group

Schroder Investment Management Group lowered its holdings in Clear Secure, Inc. (NYSE:YOU) by 58.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,875 shares of the company’s stock after selling 330,957 shares during the period. Schroder Investment Management Group owned about 0.17% of Clear Secure worth $6,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. William Blair Investment Management LLC bought a new stake in shares of Clear Secure in the 4th quarter worth approximately $37,697,000. Principal Financial Group Inc. lifted its stake in Clear Secure by 3,937.1% in the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after buying an additional 466,901 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock valued at $77,788,000 after acquiring an additional 141,208 shares during the period. State Street Corp boosted its holdings in shares of Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the period. Finally, Copeland Capital Management LLC bought a new position in shares of Clear Secure during the fourth quarter worth about $30,724,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Trading Down 1.4 %

Clear Secure stock opened at $24.92 on Friday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 28.97 and a beta of 1.37. The company’s 50-day moving average price is $24.54 and its two-hundred day moving average price is $27.85.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued 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 2.01%. Clear Secure’s payout ratio is 32.47%.

Analyst Ratings Changes

A number of research firms have issued reports on YOU. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Stifel Nicolaus cut their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price objective 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.