Clear Secure, Inc. (NYSE:YOU) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Clear Secure, Inc. (NYSE:YOU) by 65.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 738,393 shares of the company’s stock after buying an additional 290,749 shares during the period. Victory Capital Management Inc. owned about 0.53% of Clear Secure worth $19,671,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in Clear Secure during the third quarter worth $203,000. Amalgamated Bank lifted its position in shares of Clear Secure by 844.2% in the 3rd quarter. Amalgamated Bank now owns 26,826 shares of the company’s stock worth $889,000 after buying an additional 23,985 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Clear Secure by 3,937.1% in the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after buying an additional 466,901 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure during the 3rd quarter valued at about $26,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Clear Secure during the third quarter worth about $1,405,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

YOU has been the subject of a number of research reports. Stifel Nicolaus decreased 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. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Trading Down 0.5 %

YOU opened at $25.18 on Wednesday. The business’s 50 day moving average is $24.53 and its 200-day moving average is $28.28. The stock has a market cap of $3.51 billion, a PE ratio of 29.27 and a beta of 1.37. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%. 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.