Northern Trust Corp Increases Holdings in CLEAR Secure, Inc. $YOU

Key Points

• Northern Trust Corp increased its stake in CLEAR Secure, Inc. by 8.7% in the first quarter, owning over 1.1 million shares valued at approximately $29.5 million.
• Several hedge funds, including Wellington Management Group and Invesco Ltd., significantly increased their holdings in CLEAR Secure, indicating strong institutional interest with 73.80% of the stock owned by institutional investors.
• CLEAR Secure recently announced a quarterly dividend of $0.125 per share, with an annualized dividend yield of 1.4%, alongside a strong quarterly performance reporting earnings per share of $0.26.

Northern Trust Corp increased its position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,137,686 shares of the company's stock after purchasing an additional 90,714 shares during the quarter. Northern Trust Corp owned approximately 0.83% of CLEAR Secure worth $29,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of CLEAR Secure by 6.3% during the first quarter. New York State Common Retirement Fund now owns 28,913 shares of the company's stock valued at $749,000 after acquiring an additional 1,712 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of CLEAR Secure by 54.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company's stock valued at $713,000 after acquiring an additional 9,768 shares in the last quarter. Personal CFO Solutions LLC bought a new position in shares of CLEAR Secure during the first quarter valued at $260,000. Principal Financial Group Inc. increased its holdings in shares of CLEAR Secure by 2.3% during the first quarter. Principal Financial Group Inc. now owns 519,264 shares of the company's stock valued at $13,454,000 after acquiring an additional 11,633 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of CLEAR Secure by 132.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,681 shares of the company's stock valued at $614,000 after acquiring an additional 13,499 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 6,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the sale, the director owned 201,634 shares of the company's stock, valued at approximately $7,057,190. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Dennis W. Liu sold 2,027 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $36.00, for a total value of $72,972.00. Following the sale, the chief accounting officer directly owned 11,896 shares of the company's stock, valued at $428,256. This represents a 14.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,027 shares of company stock valued at $2,043,243. Company insiders own 39.73% of the company's stock.

Wall Street Analysts Forecast Growth

YOU has been the subject of several analyst reports. Wells Fargo & Company raised their price target on CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Wall Street Zen raised CLEAR Secure from a "hold" rating to a "buy" rating in a report on Saturday. Zacks Research upgraded CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Telsey Advisory Group boosted their price target on CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group boosted their price target on CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, CLEAR Secure presently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

CLEAR Secure Price Performance

Shares of YOU traded up $0.17 during trading hours on Wednesday, hitting $36.00. The stock had a trading volume of 1,363,950 shares, compared to its average volume of 1,929,275. CLEAR Secure, Inc. has a 12 month low of $21.67 and a 12 month high of $38.88. The firm has a market capitalization of $4.79 billion, a PE ratio of 22.50 and a beta of 1.27. The stock has a fifty day moving average price of $31.31 and a 200 day moving average price of $27.32.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The company had revenue of $219.47 million during the quarter, compared to analyst estimates of $214.90 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. CLEAR Secure's revenue was up 17.6% compared to the same quarter last year. CLEAR Secure has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 10th. CLEAR Secure's payout ratio is currently 31.25%.

CLEAR Secure 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.