Mcmorgan & Co. LLC Takes Position in Clear Secure, Inc. (NYSE:YOU)

Mcmorgan & Co. LLC acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 99,540 shares of the company's stock, valued at approximately $2,652,000. Mcmorgan & Co. LLC owned about 0.07% of Clear Secure at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Clear Secure by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after acquiring an additional 501,000 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Clear Secure during the 4th quarter worth $1,695,000. William Blair Investment Management LLC purchased a new position in shares of Clear Secure in the 4th quarter worth about $37,697,000. Geode Capital Management LLC grew 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 valued at $77,788,000 after buying an additional 141,208 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after buying an additional 466,901 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Clear Secure Stock Performance

Clear Secure stock traded up $0.09 during mid-day trading on Friday, reaching $25.84. The company's stock had a trading volume of 412,901 shares, compared to its average volume of 1,995,599. The firm's fifty day moving average price is $25.33 and its two-hundred day moving average price is $27.19. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The company has a market capitalization of $3.54 billion, a P/E ratio of 30.06 and a beta of 1.25.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.94%. Clear Secure's payout ratio is 32.47%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Finally, Telsey Advisory Group reissued 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.00.

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.