Raymond James Financial Inc. Invests $1.70 Million in Clear Secure, Inc. (NYSE:YOU)

Raymond James Financial Inc. purchased a new stake in Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 63,638 shares of the company’s stock, valued at approximately $1,695,000.

Several other large investors have also added to or reduced their stakes in YOU. GAMMA Investing LLC raised its stake in shares of Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Clear Secure during the 4th quarter worth $83,000. Blue Trust Inc. raised its holdings in shares of Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after purchasing an additional 2,696 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Clear Secure by 50.1% during the fourth quarter. KBC Group NV now owns 4,063 shares of the company’s stock valued at $108,000 after purchasing an additional 1,357 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Stock Down 2.4 %

Shares of YOU stock opened at $25.92 on Tuesday. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The company has a 50 day moving average of $24.44 and a 200-day moving average of $27.95. The firm has a market cap of $3.55 billion, a P/E ratio of 30.13 and a beta of 1.37.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. Clear Secure’s payout ratio 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.