CIBC Private Wealth Group LLC Sells 20,615 Shares of Clear Secure, Inc. (NYSE:YOU)

CIBC Private Wealth Group LLC decreased its stake in Clear Secure, Inc. (NYSE:YOU) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,796 shares of the company’s stock after selling 20,615 shares during the period. CIBC Private Wealth Group LLC owned about 0.07% of Clear Secure worth $2,792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in Clear Secure during the fourth quarter valued at about $37,697,000. Principal Financial Group Inc. raised its holdings in shares of Clear Secure by 3,937.1% during the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after buying an additional 466,901 shares in the last quarter. Geode Capital Management LLC lifted its position in Clear Secure by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after buying an additional 141,208 shares during the last quarter. State Street Corp lifted its position in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after buying an additional 1,312,419 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new position in Clear Secure during the fourth quarter valued at approximately $30,724,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Trading Up 2.4 %

YOU stock opened at $26.41 on Thursday. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 30.71 and a beta of 1.37. The firm’s 50-day moving average price is $24.50 and its two-hundred day moving average price is $27.91. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Announces Dividend

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 dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.89%. Clear Secure’s dividend payout ratio is presently 32.47%.

Analysts Set New Price Targets

YOU has been the subject of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Finally, Stifel Nicolaus decreased their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. 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, Clear Secure currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.