Raymond James Financial Inc. Takes $1.70 Million Position in Clear Secure, Inc. (NYSE:YOU)

Raymond James Financial Inc. acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 63,638 shares of the company’s stock, valued at approximately $1,695,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank acquired a new stake in Clear Secure during the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. grew its holdings in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after acquiring an additional 766 shares during the last quarter. Harbour Investments Inc. increased its position in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after acquiring an additional 450 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Clear Secure during the fourth quarter valued at $83,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on YOU. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday, March 24th. Finally, Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Stock Down 1.4 %

YOU stock opened at $24.35 on Friday. The company’s fifty day simple moving average is $25.52 and its 200 day simple moving average is $26.89. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 28.31 and a beta of 1.25.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.05%. Clear Secure’s payout ratio is 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.