Russell Investments Group Ltd. Grows Holdings in Clear Secure, Inc. (NYSE:YOU)

Russell Investments Group Ltd. lifted its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 66,141.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,898 shares of the company's stock after purchasing an additional 15,874 shares during the quarter. Russell Investments Group Ltd.'s holdings in Clear Secure were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in YOU. Pacer Advisors Inc. boosted its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after purchasing an additional 3,039,236 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Clear Secure by 112.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after purchasing an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP lifted its position in Clear Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC bought a new position in Clear Secure in the 4th quarter valued at about $37,697,000. Finally, Copeland Capital Management LLC bought a new position in Clear Secure in the 4th quarter valued at about $30,724,000. Institutional investors own 73.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on YOU shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Clear Secure Stock Up 0.5 %

Shares of Clear Secure stock traded up $0.12 during trading on Tuesday, hitting $25.18. 126,684 shares of the stock traded hands, compared to its average volume of 1,991,301. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 29.26 and a beta of 1.25. The firm's fifty day moving average is $25.44 and its 200-day moving average is $26.99. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

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.