Blue Trust Inc. Purchases 2,696 Shares of Clear Secure, Inc. (NYSE:YOU)

Blue Trust Inc. raised its position in Clear Secure, Inc. (NYSE:YOU) by 376.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,413 shares of the company’s stock after buying an additional 2,696 shares during the quarter. Blue Trust Inc.’s holdings in Clear Secure were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in YOU. International Assets Investment Management LLC bought a new stake in shares of Clear Secure in the third quarter valued at $2,016,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Clear Secure in the third quarter valued at $258,000. BayBridge Capital Group LLC bought a new stake in shares of Clear Secure in the third quarter valued at $647,000. Louisiana State Employees Retirement System bought a new stake in shares of Clear Secure in the third quarter valued at $1,478,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Clear Secure in the third quarter valued at $203,000. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Up 5.3 %

Clear Secure stock opened at $23.58 on Friday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The business has a 50-day simple moving average of $25.12 and a 200 day simple moving average of $28.51. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 27.42 and a beta of 1.38.

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.12%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on YOU shares. Wedbush reiterated a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday, December 16th. Finally, Stifel Nicolaus lifted their price target on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.20.

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.