Bank of New York Mellon Corp Grows Stock Position in Clear Secure, Inc. (NYSE:YOU)

Bank of New York Mellon Corp increased its stake in Clear Secure, Inc. (NYSE:YOU) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 931,899 shares of the company’s stock after purchasing an additional 209,029 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of Clear Secure worth $24,826,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the third quarter valued at $26,000. GAMMA Investing LLC lifted its stake in 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. KBC Group NV bought a new stake in Clear Secure during the third quarter worth about $90,000. Blue Trust Inc. lifted its stake in Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after purchasing an additional 2,696 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Clear Secure during the third quarter worth about $203,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on YOU. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Clear Secure Price Performance

NYSE YOU opened at $25.63 on Monday. The business’s fifty day moving average price is $24.59 and its 200-day moving average price is $28.32. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 29.80 and a beta of 1.37. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders 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 dividend yield of 1.95%. Clear Secure’s payout ratio is 32.47%.

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.