Stifel Financial Corp Has $3.17 Million Stake in Clear Secure, Inc. (NYSE:YOU)

Stifel Financial Corp increased its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 263.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,143 shares of the company's stock after acquiring an additional 86,378 shares during the quarter. Stifel Financial Corp owned about 0.09% of Clear Secure worth $3,174,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in YOU. Renaissance Technologies LLC increased its position 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 position in shares of Clear Secure during the fourth quarter worth approximately $1,695,000. William Blair Investment Management LLC bought a new position in Clear Secure during the 4th quarter worth $37,697,000. Principal Financial Group Inc. raised its holdings in Clear Secure by 3,937.1% in the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock valued at $15,866,000 after acquiring an additional 466,901 shares in the last quarter. Finally, Cerity Partners LLC lifted 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 valued at $9,211,000 after acquiring an additional 324,314 shares during the period. Institutional investors own 73.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on YOU shares. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Telsey Advisory Group reduced their target price on Clear Secure from $42.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday. 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.00.

Clear Secure Trading Down 0.1 %

YOU traded down $0.03 during trading on Monday, reaching $25.12. 1,787,955 shares of the company's stock were exchanged, compared to its average volume of 2,016,485. The firm has a fifty day moving average price of $25.60 and a two-hundred day moving average price of $26.60. The stock has a market capitalization of $3.44 billion, a PE ratio of 29.21 and a beta of 1.25. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio is currently 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.