Principal Financial Group Inc. Raises Holdings in CLEAR Secure, Inc. $YOU

Principal Financial Group Inc. boosted its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 3.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 591,787 shares of the company’s stock after buying an additional 17,832 shares during the quarter. Principal Financial Group Inc.’s holdings in CLEAR Secure were worth $28,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YOU. One Capital Management LLC acquired a new position in shares of CLEAR Secure in the 4th quarter valued at $1,270,000. Hussman Strategic Advisors Inc. increased its position in shares of CLEAR Secure by 50.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after purchasing an additional 21,000 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in CLEAR Secure by 210.8% in the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock valued at $2,146,000 after buying an additional 41,485 shares during the period. BNP Paribas Financial Markets raised its holdings in CLEAR Secure by 9.2% in the 4th quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock valued at $20,440,000 after buying an additional 49,211 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after buying an additional 635,400 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the subject of several research analyst reports. Needham & Company LLC increased their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. DA Davidson restated a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group increased their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CLEAR Secure currently has a consensus rating of “Hold” and an average price target of $60.00.

Insider Buying and Selling

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the sale, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,962 shares of company stock valued at $1,360,146 in the last ninety days. Company insiders own 29.70% of the company’s stock.

CLEAR Secure Price Performance

NYSE YOU opened at $56.02 on Monday. The company has a market cap of $7.47 billion, a P/E ratio of 45.18 and a beta of 1.08. The stock has a 50-day moving average of $55.40 and a two-hundred day moving average of $47.58. CLEAR Secure, Inc. has a 1-year low of $28.39 and a 1-year high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, analysts anticipate that CLEAR Secure, Inc. will post 1.79 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is presently 48.39%.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.