46,191 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,191 shares of the company’s stock, valued at approximately $1,231,000.

Several other institutional investors have also recently bought and sold shares of YOU. Pacer Advisors Inc. raised its position in Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Clear Secure in the 3rd quarter valued at $62,950,000. FMR LLC increased its stake in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp increased its stake in shares of Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after buying an additional 1,312,419 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in shares of Clear Secure in the 4th quarter valued at $30,724,000. Institutional investors own 73.80% of the company’s stock.

Clear Secure Trading Up 5.1 %

YOU stock opened at $23.70 on Friday. The business’s 50-day moving average price is $24.84 and its two-hundred day moving average price is $28.43. The firm has a market cap of $3.30 billion, a PE ratio of 27.56 and a beta of 1.38. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 2.11%. Clear Secure’s dividend payout ratio is presently 58.14%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research note on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a research note on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.