Northern Trust Corp grew its stake in shares of CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,137,686 shares of the company’s stock after purchasing an additional 90,714 shares during the period. Northern Trust Corp owned about 0.83% of CLEAR Secure worth $29,477,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of CLEAR Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock valued at $88,512,000 after purchasing an additional 1,422,999 shares during the last quarter. Copeland Capital Management LLC lifted its stake in CLEAR Secure by 71.4% in the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company’s stock worth $51,210,000 after acquiring an additional 823,166 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CLEAR Secure by 26.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,208,160 shares of the company’s stock worth $32,187,000 after acquiring an additional 252,555 shares in the last quarter. Nuveen LLC purchased a new stake in CLEAR Secure in the 1st quarter worth about $30,862,000. Finally, Invesco Ltd. lifted its stake in CLEAR Secure by 74.9% in the 1st quarter. Invesco Ltd. now owns 978,584 shares of the company’s stock worth $25,355,000 after acquiring an additional 419,133 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CAO Dennis W. Liu sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $33.60, for a total value of $168,000.00. Following the completion of the sale, the chief accounting officer directly owned 13,923 shares of the company’s stock, valued at approximately $467,812.80. This represents a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Adam Wiener sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $35.00, for a total value of $210,000.00. Following the completion of the sale, the director directly owned 201,634 shares of the company’s stock, valued at $7,057,190. This represents a 2.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,027 shares of company stock valued at $2,043,243. Insiders own 39.73% of the company’s stock.
CLEAR Secure Stock Performance
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, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $219.47 million for the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. CLEAR Secure has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.
CLEAR Secure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. CLEAR Secure’s dividend payout ratio is currently 31.25%.
Wall Street Analysts Forecast Growth
YOU has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on CLEAR Secure from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. Telsey Advisory Group increased their price objective on CLEAR Secure from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company upped their target price on CLEAR Secure from $23.00 to $25.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their target price on CLEAR Secure from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CLEAR Secure has an average rating of “Hold” and an average price target of $33.00.
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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.
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