Invesco Ltd. Grows Position in Clear Secure, Inc. (NYSE:YOU)

Invesco Ltd. raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 3.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 559,451 shares of the company’s stock after purchasing an additional 20,441 shares during the period. Invesco Ltd. owned 0.40% of Clear Secure worth $14,904,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of Clear Secure by 18.3% during the fourth quarter. Bank of Montreal Can now owns 10,839 shares of the company’s stock valued at $289,000 after purchasing an additional 1,678 shares in the last quarter. Cerity Partners LLC lifted its holdings in Clear Secure by 1,557.5% during the fourth quarter. Cerity Partners LLC now owns 345,137 shares of the company’s stock worth $9,211,000 after buying an additional 324,314 shares during the period. Russell Investments Group Ltd. boosted its position in Clear Secure by 66,141.7% during the 4th quarter. Russell Investments Group Ltd. now owns 15,898 shares of the company’s stock valued at $424,000 after acquiring an additional 15,874 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Clear Secure by 784.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 186,320 shares of the company’s stock valued at $4,964,000 after acquiring an additional 165,251 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Clear Secure by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 53,097 shares of the company’s stock worth $1,415,000 after acquiring an additional 8,254 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Up 1.8 %

YOU stock opened at $26.74 on Monday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock has a market capitalization of $3.66 billion, a PE ratio of 31.09 and a beta of 1.25. The firm has a 50 day moving average of $25.16 and a 200 day moving average of $27.29.

Clear Secure Announces Dividend

The company also recently announced 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 dividend yield of 1.87%. The ex-dividend date was Monday, March 10th. Clear Secure’s payout ratio is 32.47%.

Wall Street Analysts Forecast Growth

YOU has been the topic of several analyst reports. Stifel Nicolaus cut their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and an average 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.