Fifth Third Bancorp Has $1.45 Million Stock Position in CLEAR Secure, Inc. $YOU

Fifth Third Bancorp boosted its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 1,914.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 29,880 shares of the company’s stock after purchasing an additional 28,397 shares during the period. Fifth Third Bancorp’s holdings in CLEAR Secure were worth $1,447,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Durable Capital Partners LP lifted its stake in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after buying an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of CLEAR Secure by 6,038.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares during the period. Squarepoint Ops LLC grew its stake in CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after buying an additional 909,152 shares during the last quarter. Norges Bank bought a new position in CLEAR Secure in the 4th quarter worth $29,500,000. 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 worth $30,837,000 after acquiring an additional 635,400 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,962 shares of company stock valued at $1,360,146 over the last quarter. Corporate insiders own 29.70% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the subject of several research reports. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research report on Thursday, May 7th. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a research report on Monday. Finally, Needham & Company LLC boosted their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, CLEAR Secure presently has an average rating of “Hold” and a consensus price target of $59.29.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $51.85 on Friday. The firm has a 50 day simple moving average of $55.23 and a 200 day simple moving average of $48.13. CLEAR Secure, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $62.73. The firm has a market cap of $6.91 billion, a P/E ratio of 41.82 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. During the same period in the prior year, the business posted $0.26 earnings per share. CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. On average, sell-side analysts expect that CLEAR Secure, Inc. will post 1.79 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is 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.