Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,839 shares of the company’s stock after acquiring an additional 1,678 shares during the quarter. Bank of Montreal Can’s holdings in Clear Secure were worth $289,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Clear Secure during the third quarter worth approximately $480,000. Tidal Investments LLC acquired a new position in shares of Clear Secure in the 3rd quarter worth approximately $1,026,000. Franklin Resources Inc. raised its position in shares of Clear Secure by 10.9% during the 3rd quarter. Franklin Resources Inc. now owns 46,175 shares of the company’s stock valued at $1,612,000 after acquiring an additional 4,527 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Clear Secure during the third quarter worth $20,243,000. Finally, Principal Financial Group Inc. increased its stake in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after purchasing an additional 466,901 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Trading Up 0.5 %

Shares of Clear Secure stock opened at $25.76 on Thursday. The stock has a market cap of $3.53 billion, a PE ratio of 29.95 and a beta of 1.25. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The company’s 50-day moving average price is $25.27 and its two-hundred day moving average price is $27.23.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s payout ratio is 32.47%.

Analysts Set New Price Targets

YOU has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report 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 reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research 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. According to data from MarketBeat, the stock has an average 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.