FHI
Federated Investors Inc B
NYSE: FHI · FINANCIAL SERVICES · ASSET MANAGEMENT
$55.72
+0.18% today
Updated 2026-06-05
Market cap
$4.42B
P/E ratio
11.31
P/S ratio
2.38x
EPS (TTM)
$5.15
Dividend yield
2.35%
52W range
$41 – $59
Volume
0.8M
Federated Investors Inc B (FHI) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed FHI price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$55.72
Today
Analyst consensus
$54.43
-2.32% · 12M
2030 Base
$49.39
-11.36% future
NPV today
$34.49
@ 8% WACC
9 analysts:
1 Buy6 Hold3 Sell
Management guidance
No specific multi-year revenue targets disclosed by management. Q1 2026 guidance focused on record AUM of $907.1B (up 8% YoY) and strong flows in money market ($684.7B) and equity assets. CEO commentary emphasizes organic growth through digital initiatives (Money Market Management Digital Treasury Fund) and M&A capability expansion (80% FCP acquisition adding $3.2B AUM). No explicit 2026-2030 revenue floor or ceiling provided.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
FHI · Federated Investors Inc B · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$49.39
NPV today: $34.49
Base case (2030)
$49.39
NPV today: $34.49
Bull case (2030)
$83.53
NPV today: $58.33
WallStSmart.com
FHI financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.2B | $2.3B | $2.5B | $2.7B |
| Revenue growth | 11.0% | 12.2% | 8.2% | 7.3% | 6.8% | 6.8% |
| Net margin | — | 20.6% | 21.0% | 21.0% | 21.0% | 21.1% |
| EPS | $5.14 | $5.45 | $5.95 | $6.35 | $6.75 | $7.20 |
| Diluted shares | — | 77M | 77M | 78M | 78M | 78M |
| Net debt | — | $-205.87M | $-428.55M | $-667.55M | $-922.84M | $-1.20B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $29.09 | $33.92 | $38.87 | $43.96 | $49.39 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.7B | $2.7B | $2.7B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 78M | 78M | 78M |
| Net debt | $-1.20B | $-1.20B | $-1.20B |
| Implied P/E † | 7x | 7x | 12x |
| 2030 Price | $49.39 | $49.39 | $83.53 |
| NPV @ 8% | $34.49 | $34.49 | $58.33 |
† Implied P/E: Multiples remain elevated across all three scenarios because FHI is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $49.39 base case
FHI catalysts and risks
Growth catalysts
+ Record AUM of $907.1B provides organic revenue growth lever; continued inflows in money market and long-term equity strategies
+ FCP acquisition (80% stake, $3.2B AUM) diversifies fee streams into private markets/real estate; cross-selling upside to institutional clients
+ Digital transformation initiatives (Money Market Management Digital Treasury Fund) drive distribution efficiency and new client capture
+ Asset Management sector benefiting from rising equity valuations and AUM-sensitive revenue model
Key risks
- Market downturn/recession reduces AUM and fee-generating assets; FHI's revenue model is highly sensitive to equity market performance and investor risk appetite
- Fee compression across asset management industry; passive management growth and competition from lower-cost alternatives pressure pricing power
- Integration execution risk on FCP acquisition; private markets/real estate exposure introduces operational complexity and illiquidity risk
- Regulatory headwinds in ESG/alternatives; potential policy changes affecting fund structuring or fee arrangements
- Analyst consensus weak (6 Hold, 2 Sell vs 1 Buy); near-term price target only +3.1% suggests limited near-term upside catalyst
Methodology · Federated Investors Inc B 2030 stock forecast model
Federated Investors Inc B 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (3% cumulative for FHI by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-1.20B by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.654) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
FHI price target FAQ
What is the FHI price target for 2030?
WallStSmart's Federated Investors Inc B 2030 base case is $49.39 per share, with a bull case of $83.53 and bear case of $49.39. The NPV of the base case discounted to today at 8% WACC is $34.49.
How is the Federated Investors Inc B 2030 stock forecast calculated?
The FHI 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the FHI price target account for dilution?
Federated Investors Inc B is projected to grow diluted share count from 76M to 78M by 2030 (a 3% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 3%.
What is the analyst consensus on FHI stock?
9 analysts cover FHI with an average 12-month price target of $54.43. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.