Clear Secure, Inc. (NYSE:YOU) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,046,972 shares of the company’s stock after buying an additional 201,504 shares during the quarter. Northern Trust Corp’s holdings in Clear Secure were worth $27,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YOU. GAMMA Investing LLC grew its position 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 valued at $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank acquired a new stake in shares of Clear Secure in the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. grew its position in shares of Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in shares of Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after purchasing an additional 2,276 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after purchasing an additional 450 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Stock Performance

Shares of NYSE YOU opened at $24.06 on Monday. Clear Secure, Inc. has a 1 year low of $16.48 and a 1 year high of $38.88. The firm’s 50 day moving average price is $25.74 and its 200 day moving average price is $26.29. The firm has a market cap of $3.29 billion, a P/E ratio of 27.98 and a beta of 1.25.

Clear Secure (NYSE:YOU) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The firm had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, June 10th. Clear Secure’s dividend payout ratio is currently 31.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Telsey Advisory Group restated an “outperform” rating and set a $32.00 target price on shares of Clear Secure in a research report on Friday. Finally, Stifel Nicolaus decreased their target price 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.