Northern Trust Corp Raises Position in Clear Secure, Inc. (NYSE:YOU)

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

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after purchasing an additional 3,039,236 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Clear Secure by 112.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after purchasing an additional 1,463,748 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Clear Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after purchasing an additional 1,422,999 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Clear Secure in the fourth quarter valued at $37,697,000. Finally, Copeland Capital Management LLC bought a new position in shares of Clear Secure during the fourth quarter worth about $30,724,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on YOU. Telsey Advisory Group reissued an "outperform" rating and set a $32.00 target price on shares of Clear Secure in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Finally, Stifel Nicolaus dropped their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure Price Performance

Shares of Clear Secure stock traded down $0.44 during trading on Friday, reaching $24.20. 407,484 shares of the company traded hands, compared to its average volume of 2,169,070. The firm has a market capitalization of $3.31 billion, a PE ratio of 28.09 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. The company has a 50 day moving average price of $25.70 and a 200-day moving average price of $26.12.

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

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.07%. Clear Secure's payout ratio is currently 31.25%.

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.