Truist Financial Corp Decreases Stock Position in Clear Secure, Inc. (NYSE:YOU)

Truist Financial Corp lessened its stake in Clear Secure, Inc. (NYSE:YOU) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,088 shares of the company’s stock after selling 2,898 shares during the quarter. Truist Financial Corp’s holdings in Clear Secure were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Clear Secure in the 3rd quarter worth approximately $26,000. GAMMA Investing LLC boosted its holdings in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the period. KBC Group NV purchased a new position in Clear Secure in the 3rd quarter worth approximately $90,000. Blue Trust Inc. boosted its stake in shares of Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after buying an additional 2,696 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Clear Secure during the 3rd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Wedbush reiterated a “neutral” rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Secure has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Price Performance

Shares of YOU opened at $23.79 on Tuesday. The business’s fifty day moving average price is $24.77 and its 200 day moving average price is $28.41. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The stock has a market capitalization of $3.32 billion, a PE ratio of 27.66 and a beta of 1.38.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors 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 2.10%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Clear Secure 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.