Clear Secure, Inc. (NYSE:YOU) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Clear Secure, Inc. (NYSE:YOU) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 918,367 shares of the company’s stock after buying an additional 46,213 shares during the period. Charles Schwab Investment Management Inc. owned 0.66% of Clear Secure worth $24,465,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp increased its position in Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after buying an additional 1,312,419 shares during the period. Pacer Advisors Inc. increased its position in Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after buying an additional 3,039,236 shares during the period. Geode Capital Management LLC increased its position in Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after buying an additional 141,208 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Clear Secure during the third quarter worth approximately $62,950,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Price Performance

Clear Secure stock opened at $26.54 on Wednesday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a market cap of $3.63 billion, a PE ratio of 30.87 and a beta of 1.37. The stock’s 50 day moving average price is $24.38 and its 200 day moving average price is $28.14.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.88%. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on YOU. Stifel Nicolaus dropped 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. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 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 company’s stock. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.