Northern Trust Corp Purchases 201,504 Shares of Clear Secure, Inc. (NYSE:YOU)

Northern Trust Corp increased its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,046,972 shares of the company's stock after acquiring an additional 201,504 shares during the period. Northern Trust Corp owned about 0.75% of Clear Secure worth $27,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of YOU. Lord Abbett & CO. LLC increased its stake in Clear Secure by 69.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,036,245 shares of the company's stock worth $27,606,000 after acquiring an additional 425,424 shares during the last quarter. Oberweis Asset Management Inc. grew its position in Clear Secure by 5.2% during the 4th quarter. Oberweis Asset Management Inc. now owns 609,400 shares of the company's stock worth $16,234,000 after purchasing an additional 30,000 shares during the period. Sirios Capital Management L P boosted its stake 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 worth $2,161,000 after acquiring an additional 3,364 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 buying an additional 13,242 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Clear Secure by 15.0% in the 4th quarter. Hsbc Holdings PLC now owns 12,054 shares of the company's stock worth $323,000 after purchasing an additional 1,569 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Trading Up 1.3%

YOU stock traded up $0.33 during trading on Tuesday, reaching $24.96. The stock had a trading volume of 2,057,149 shares, compared to its average volume of 2,005,673. The firm has a fifty day moving average price of $25.72 and a 200 day moving average price of $26.21. The company has a market capitalization of $3.42 billion, a P/E ratio of 29.02 and a beta of 1.25. Clear Secure, Inc. has a 1-year low of $16.48 and a 1-year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. Clear Secure's payout ratio is 31.25%.

Analysts Set New Price Targets

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