Ameriprise Financial Inc. Decreases Stake in Clear Secure, Inc. (NYSE:YOU)

Ameriprise Financial Inc. lessened its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,137,820 shares of the company's stock after selling 151,835 shares during the period. Ameriprise Financial Inc. owned approximately 0.82% of Clear Secure worth $30,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position 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 acquiring an additional 771 shares during the period. Huntington National Bank acquired a new position in Clear Secure during the fourth quarter worth $35,000. SRS Capital Advisors Inc. raised its position in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares during the period. Strategic Investment Solutions Inc. IL raised its position in Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after acquiring an additional 2,276 shares during the period. Finally, Harbour Investments Inc. raised its position in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Trading Down 0.2%

Clear Secure stock traded down $0.04 during midday trading on Friday, hitting $24.60. 1,786,840 shares of the stock were exchanged, compared to its average volume of 2,012,375. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 28.61 and a beta of 1.25. The stock's 50-day simple moving average is $25.69 and its 200 day simple moving average is $26.04. Clear Secure, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Equities analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 target price on shares of Clear Secure in a research report on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Finally, Stifel Nicolaus reduced their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Clear Secure currently has an average rating of "Moderate Buy" and an average price target of $32.00.

Insiders Place Their Bets

In other Clear Secure news, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the completion of the transaction, the director now owns 64,935 shares of the company's stock, valued at $1,624,673.70. This trade represents a 82.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.73% of the stock is currently owned by insiders.

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.