Clear Secure, Inc. (NYSE:YOU) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 3,937.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 478,760 shares of the company's stock after purchasing an additional 466,901 shares during the quarter. Principal Financial Group Inc. owned approximately 0.34% of Clear Secure worth $15,866,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of YOU. Hsbc Holdings PLC boosted its position in Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company's stock worth $1,467,000 after acquiring an additional 409 shares during the last quarter. Truist Financial Corp grew its position in shares of Clear Secure by 2.0% in the second quarter. Truist Financial Corp now owns 29,061 shares of the company's stock valued at $544,000 after purchasing an additional 582 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Clear Secure in the third quarter valued at approximately $26,000. Crossmark Global Holdings Inc. increased its holdings in shares of Clear Secure by 5.3% in the second quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company's stock valued at $374,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Clear Secure during the third quarter worth approximately $33,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.85% of the stock is owned by corporate insiders.

Clear Secure Stock Down 0.2 %

YOU stock traded down $0.06 during mid-day trading on Friday, hitting $27.22. 1,593,496 shares of the company were exchanged, compared to its average volume of 1,804,401. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The firm has a market capitalization of $3.79 billion, a P/E ratio of 31.65 and a beta of 1.43. The business has a fifty day simple moving average of $29.28 and a 200-day simple moving average of $27.09.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million for the quarter, compared to analysts' expectations of $194.62 million. During the same period in the previous year, the business posted $0.20 EPS. The business's revenue for the quarter was up 23.7% on a year-over-year basis. Research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Tuesday, December 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is currently 58.14%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. Telsey Advisory Group increased their price target on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Wedbush reaffirmed a "neutral" rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Clear Secure has an average rating of "Moderate Buy" and an average target price of $35.20.

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.