Voya Investment Management LLC Lowers Holdings in Clear Secure, Inc. (NYSE:YOU)

Voya Investment Management LLC trimmed its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,334 shares of the company's stock after selling 81,559 shares during the quarter. Voya Investment Management LLC owned approximately 0.09% of Clear Secure worth $3,525,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sirios Capital Management L P boosted its position in shares of Clear Secure by 4.3% during the 4th quarter. Sirios Capital Management L P now owns 81,114 shares of the company's stock valued at $2,161,000 after acquiring an additional 3,364 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Clear Secure by 24.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,061 shares of the company's stock valued at $1,787,000 after acquiring an additional 13,242 shares in the last quarter. Hsbc Holdings PLC increased its stake in Clear Secure by 15.0% during the 4th quarter. Hsbc Holdings PLC now owns 12,054 shares of the company's stock worth $323,000 after buying an additional 1,569 shares during the period. Stifel Financial Corp increased its position in shares of Clear Secure by 263.6% during the fourth quarter. Stifel Financial Corp now owns 119,143 shares of the company's stock worth $3,174,000 after acquiring an additional 86,378 shares during the period. Finally, State of Tennessee Department of Treasury increased its holdings in Clear Secure by 169.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 39,543 shares of the company's stock worth $1,053,000 after purchasing an additional 24,843 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YOU has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Clear Secure presently has an average rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Stock Down 1.4 %

Shares of NYSE YOU opened at $24.35 on Friday. The stock has a market capitalization of $3.33 billion, a PE ratio of 28.31 and a beta of 1.25. The firm has a fifty day moving average of $25.52 and a 200-day moving average of $26.89. 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 declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 2.05%. 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.

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