Invesco Ltd. Has $14.90 Million Holdings in Clear Secure, Inc. (NYSE:YOU)

Invesco Ltd. grew its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 559,451 shares of the company's stock after purchasing an additional 20,441 shares during the period. Invesco Ltd. owned approximately 0.40% of Clear Secure worth $14,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Clear Secure in the fourth quarter valued at $1,695,000. William Blair Investment Management LLC acquired a new stake in shares of Clear Secure in the 4th quarter valued at $37,697,000. Principal Financial Group Inc. grew 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 worth $15,866,000 after purchasing an additional 466,901 shares during the last quarter. Cerity Partners LLC increased its position in shares of Clear Secure by 1,557.5% during the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after purchasing an additional 324,314 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new position in Clear Secure during the 4th quarter valued at about $30,724,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on YOU. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note 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 MarketBeat, Clear Secure currently has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Trading Down 0.2 %

Shares of YOU traded down $0.06 during mid-day trading on Friday, hitting $25.69. 230,690 shares of the company traded hands, compared to its average volume of 1,994,854. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 29.91 and a beta of 1.25. The business has a 50-day moving average of $25.33 and a 200 day moving average of $27.19. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a 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.