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flag New England Asset Management reduces U.S. Bancorp shares by 12.4%, despite the bank beating earnings estimates.

flag New England Asset Management Inc. sold 23,380 shares of U.S. Bancorp (USB), reducing their holdings by 12.4% in the fourth quarter. flag U.S. Bancorp's recent earnings report showed an EPS of $1.03, beating estimates by $0.06. flag Analysts predict a full-year EPS of 4.38. flag U.S. Bancorp, with a market cap of $68.46 billion, has a P/E ratio of 11.59 and a dividend yield of 4.55%.

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