Clear Secure, Inc. (NYSE:YOU) 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 4th quarter, HoldingsChannel.com reports. The firm owned 232,875 shares of the company’s stock after selling 330,957 shares during the quarter. Schroder Investment Management Group’s holdings in Clear Secure were worth $6,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YOU. Arrowstreet Capital Limited Partnership grew its position in Clear Secure by 112.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock worth $73,707,000 after buying an additional 1,463,748 shares during the last quarter. Level Four Advisory Services LLC acquired a new position in shares of Clear Secure in the 4th quarter worth $315,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clear Secure during the fourth quarter worth $3,354,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Clear Secure during the fourth quarter valued at $5,097,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Clear Secure by 5.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,769,257 shares of the company’s stock valued at $47,133,000 after purchasing an additional 95,660 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Price Performance

Shares of YOU opened at $24.92 on Friday. The business’s 50-day moving average is $24.54 and its 200-day moving average is $27.85. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 28.97 and a beta of 1.37. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.01%. Clear Secure’s payout ratio is 32.47%.

Wall Street Analyst Weigh In

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

Clear Secure Company Profile

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.