Moody’s Corp chief accounting officer Phillips sells $49,335 stock

Jason D. Phillips, Chief Accounting Officer and Controller at Moody's Corp (NASDAQ:MCO), divested 95 shares of the company's common stock on November 5, 2026. The sale amounted to $49,335, with each share traded at $519.325. Post-sale, Mr. Phillips personally owns 1,798.9385 shares of Moody's Corp common stock, which also includes shares obtained via the company's employee stock purchase plan.

His residence is listed as 7 WTC at 250 Greenwich Street, New York, NY 10007. The stock sale was authorized by Elizabeth McCarroll, acting under power of attorney for Mr. Phillips on November 6, 2026. Concurrently, Moody's Corporation announced its third-quarter 2026 financial results, which trailed Wall Street's expectations. The firm reported adjusted earnings of $4.14 per share on $2.02 billion in revenue, falling short of the projected $4.25 per share and $2.08 billion in revenue.

Despite this, Moody's achieved its third consecutive quarter surpassing $2 billion in sales, and its adjusted diluted EPS climbed by 6% year-over-year. In response to the underwhelming quarter, Stifel, a financial firm, adjusted its price target for Moody's from $550 to $537, while retaining a Buy rating. The downgrade was attributed to the debt issuance mix impacting MIS revenue, with a significant drop in Leveraged Finance issuance and a rise in Investment Grade issuance.

These recent developments suggest a mildly negative investor sentiment towards the earnings miss, as evidenced by the stock's premarket performance. This report was AI-generated and reviewed by a human editor.